Category: Succession and Estate Planning

Profit is one of the most widely used measures of business success. Without profit, there is no long-term business.

Dick Wittman, a well-known consultant to agriculture businesses across the country, recently observed that we seldom have retirement parties for farmers and ranchers.

In the course of planning for the future of the family business, there are sometimes reasons to consider splitting up.

Think through these steps to create a rewarding and effective transition.