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; ...

Family businesses are essential to the economy, but only one in three makes it past the second generation. Succession planning is crucial for the future of these businesses and our communities.

As the largest intergenerational wealth transfer in history unfolds, family-owned businesses and family offices across North America are facing a pivotal moment in succession planning. The next ...

"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 ...

NJBIZ panel discusses succession and planning for family businesses Also covers implications from tax reforms in the One Big Beautiful Act Access to capital, M&A trends and tariffs remain major ...

For many families that have built their wealth through a closely held business, succession planning is often assumed, as if it will naturally occur when the time comes. In reality, for it to be done ...

As an entrepreneur, building a successful manufacturing business and raising several children who achieved their own success can seem like the fulfillment of the American Dream. It can also present ...

If you want to be on the positive side of those numbers, you need to start planning the succession almost as soon as you start or acquire the business. The process requires transparency and honesty, ...

In today’s dynamic and highly competitive corporate landscape, families in business looking to develop a competitive edge and retain a strong family bond, can cherry pick successful practices from ...

The Murdochs had a much-reported inheritance battle, but smoother transitions are possible.