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What If No Successor Has Been Identified

Choosing a successor from the family

Succession planning is often the most taxing challenge for family owned businesses. Our research shows that, alarmingly, only 4% of family businesses have full, communicated and detailed succession plans. With no plan, there is a danger that the business will…

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Success-and-Options

Failing to plan is planning to fail

Every family business is unique and each requires solutions to the challenges they face that are tailored for their individual needs. However, the two most common concerns family owned businesses share are those of wealth preservation and succession. Difficulties encountered…

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