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; ...

A pair of reports show how a desire to keep control within the family is driving more efforts at formal governance and ...

"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 ...

After decades of building your business, turning it over to someone else can be emotional. But with the right mindset and a strong plan, it can also be your proudest moment. The most important step in ...

Only about one-third of family-owned businesses have a concrete succession plan, highlighting the risks of internal conflict and instability. Rupert Murdoch’s succession woes underline the importance ...

An exit plan is not about walking away. Exit planning is about protecting accomplishments and ensuring the next phase supports financial, operational, and personal goals.

Business succession planning and estate planning are often linked together, particularly in the case of closely held family businesses. In the case of a shareholder who wishes to pass along their ...

The aging of the American population continues to accelerate, and more small and midsize business owners are wondering: What do I do with my life’s work when I retire? Many business owners reaching ...

In India, succession is a human conversation, not a mere legal process, within its changing wealth landscape. The real difficulty isn't dividing wealth, but maintaining peace when families grow, ...

Mumbai: India is on the cusp of an unprecedented intergenerational wealth transfer, with an estimated USD 1.5 trillion expected to change hands over the next decade, a report released by EY–Julius ...