Succession Planning

A family-owned business is passed down from a father to his three children.

  • One of the children is completely invested in keeping the business in the family and maintaining a successful operation.
  • Another child is willing to stay or sell the business
  • The third child wants nothing to do with the operation of the business.

The question of who should take what share of a company, especially when that company is being passed down to family, is one that requires years of planning and preparation.

Read the full article at Columbia Business Times >>>