For many entrepreneurs, their business is more than just a source of income—it's an extension of themselves representing years of hard work, financial investment, and emotional commitment. A shocking ...

In many family businesses, the tension between the eagerness of the next generation’s leaders to take control, and the founding generation’s willingness to relinquish control, is the source of many ...

A properly drafted buy-sell agreement (buy-sell) is an important component of a successful family business succession plan. Its primary purpose is to provide for the stability and continuity of a ...

Succession planning encompasses a broad spectrum of activities, from identifying potential successors to transferring control of day-to-day operations and aligning the transition with the strategic ...

When Rupert Murdoch and his children finally reached a deal earlier this year to end the years-long succession battle over the media mogul's empire, the high-profile saga offered a valuable lesson for ...

NJBIZ panel discusses succession and planning for family businesses Also covers implications from tax reforms in the One Big Beautiful Act Access to capital, M&A trends and tariffs remain major ...

Crafting a succession plan in a family-owned business ensures its survival and growth and also enhances cohesion and preserves the entrepreneurial spirit across generations. Nearly two-thirds of ...

According to the Conway Center for Family Business, family businesses account for 64% of the U.S. Gross Domestic Product (GDP), yet 57% of family businesses have no formal succession plan. 1 While the ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Transitioning a family-owned business to the next ...

The Adedejis and the Martins were not just families. They were stewards of family businesses deeply rooted in their community. As they journeyed through life, they faced the critical task of planning ...