While succession planning can bring about strong emotions about the leading-gen’s ability to guide a family business into the future and the next gen’s readiness to assume leadership positions ...

Zehnder said the family hired Christopher Eckrich, a senior adviser from The Family Business Consulting Group in Fort Wayne, Ind., in 2021 to assist the company with ongoing succession planning.

The post How to Make a Succession Plan for a Family Business appeared first on SmartReads by SmartAsset. Who takes over the reins of your family business when you step down is a critical question ...

Business leaders turn to Plunkett Cooney of Counsel Karen Collingsworth-Crusse for estate planning services and to design ...

Put off business succession planning. Assume that family members are qualified. Assume that family members are not qualified. Disregard the value of an advisory board. Overlook planning due to lack of ...

A central concern of family business leaders is assessing the readiness of the next generation to take over the business. This is critical, because research shows that 25% of failed transitions ...

Family business succession is the process of transitioning administration or ownership — or both — of a family owned business. Family succession planning is unique because it involves not only ...

Creating a family business succession plan requires careful consideration and thoughtful planning. Here are some best practices to keep in mind: Start early: Begin the succession planning process ...

Analysis Family Business: A Missed Succession Planning Opportunity In the annals of family business succession planning, this article discusses some clever, albeit flawed, attempts to transfer ...

A man explaining the succession plan for his family business to his son. SmartAsset Team . Mon, Oct 9, 2023, 6:41 AM 5 min read.

This downloadable template for Family Business Succession Planning can provide a first look at starting your own planning process.. Start by joining a Conway Center peer group ...