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 ...

"As a preliminary matter, family leaders need to decide whether the mission of their business is solely to maximize profits and value for the family’s benefit or is it broader: to not only provide ...

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 ...

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 ...

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 ...

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 ...

As the largest intergenerational wealth transfer in history unfolds, family-owned businesses and family offices across North America are facing a pivotal moment in succession planning. The next ...

Frank Williamson is CEO of Oaklyn Consulting, an investment banking firm for small- and medium-sized companies under private ownership. Earlier this year, Gallup shared some thought-provoking ...

ST. LOUIS, April 24, 2025 /PRNewswire/ -- Financial advisor and wealth manager, Craig Toberman, CFA, CPA, CFP®, MBA, has announced the release of his new book, The Five-Year Plan: A Clear Path to ...

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