Mixing family with business adds a complex dimension to your closest relationships. While you experience the benefits of loyalty and commitment that come with family involvement, an unfortunate result is the pain people can cause one another through frequent interaction. At some point in your family business, someone close to you has, or will, hurt […]
In the course of planning for the future of the family business, there are sometimes reasons to consider splitting up.
The act of passing your business to the next generation is difficult for several reasons. Succession requires actively seeking what will be necessary for
future success, while simultaneously acting in ways that reduce your own daily business responsibilities.
Focus on efforts that work in combination to help create a comprehensive estate plan.
Effective succession planning requires using a variety of styles to meet your farm and family’s needs.
Recent Comments