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 ...

Owning a family business, and planning the succession of your family business, is as much a part of the American dream as white picket fences and two cars in every garage. But is handing your ...

To be successful, succession plans need to be robust to avoid distraction from the business itself and to maintain strong family relationships. As well as enabling the owner to effectively plan ...

Restructuring is an option for businesses with a strong management team that can continue profitable operations. Succession planning for the family business takes one of three main forms — selling, ...

The founders of some of the nation’s most successful family business ... were restructured for succession planning purposes. This involved the $3.5 million sale of the business from one trust ...