Owning a family business, and planning the succession of your family business ... WealthSource® Partners LLC in 2022. As a serial small-business owner, Goodbread has bought and sold multiple ...

But be warned: according to a Bank of America study, while three out of four companies say they have a succession plan, fewer than 40% of businesses have actually implemented them. And just 15% of ...

Your family's company may have survived the high failure threat that hangs over the average small ... to start planning the succession almost as soon as you start or acquire the business.

It's a question worth pondering, especially considering only 30% of family-owned businesses survive the second generation. Many of these failures result from a lack of succession planning.

If the revenue now brought in by senior partners is not replaced by the time they retire, their firms will inevitably ...

Billionaires’ estate planning is usually done in private but has huge ramifications. They have responsibilities to business ...

ExitWell, a value acceleration and sell-side advisory firm founded by veteran business leader Dave Lokos, is helping business owners take control of their future through strategic exit planning and ...

The Lee family (Samsung Group) The Lee family, owners of the Samsung Group, is another notable example of successful succession planning in a family business. In 2020, Lee Kun-hee's son, Lee Jae ...

This makes succession critical to the economic viability of the ag business and the continuation of the family farm (let alone the happiness of the family and partners involved). There are four ...

You need to finally make your farm’s succession plan a priority ... You don’t draw lines between being a family and a business. “The thing we have found that has really helped farm families ...