It’s never too early to think about how your family business will continue into future generations. With that in mind, where is your family business today in its succession planning journey? These ...

The correlation between succession planning for family businesses and successful transfers to the next generation could not be more direct. One third of family-owned businesses have a succession plan; ...

Who takes over the reins of your family business when you step down is a critical question for the long-term success of the business. The issue becomes even more complex and sensitive when dealing ...

Business succession planning for family-owned businesses requires solving a myriad of thorny issues and potential conflicts to address a family's chief question: how will the family business, which ...

Discover how successful wealth transfers require addressing human dynamics, governance structures and strategic planning ...

Mark Swepston spent his professional life building an already strong company, Atlas Butler, into an even more vibrant, community-oriented organization that is a nationally recognized leader in ...

In this Crain’s Quick Take, Matt Fedor, a business and estate planning attorney at Foster Swift, shares why business owners ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. For many entrepreneurs, their business is more than just a source of income—it's an ...

Effective planning doesn’t have to be daunting, but it does require having the right advisors and a deliberate strategy. Here are essential steps to consider.

"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 ...

As part of NJBIZ’s latest virtual panel, participants discussed how family businesses can survive and thrive across multiple generations. Earlier this month, Trump signed into effect sweeping tax and ...