Determining who should own the family business (we can talk about operating in another blog) in the future ties many families in knots. It’s our observation that sometimes senior generation owners are beset by too many alternatives, and, in their confusion, do little or nothing productive and practical in the way of ownership succession planning.
But it doesn’t have to be so complicated! There are only four ways, as discussed in a previous blog post, to pass down a family company. Having a realistic, somewhat constrained menu allows planning to get off to a much easier start.
Watch our blog this week as Wayne shares a real life case study and offers his opinions on what alternatives are available. We look forward to hearing what your advice would be for this particular family owned business. Please share your thoughts and comments. Thank you.