You need to consider a plan for your business’ future. Prepare for the worst — the chance that you’ll suffer a serious injury — by designating and training an appropriate successor for your business, attorney Jack Garson says. And take into account the many other consequences by preparing contingency plans for taxes, loan obligations and […]
Tag: "family succession"
Family-run companies are in many respects the backbone of American business. They are typically the most stable of small businesses, with a much lower failure rate than other small business models. Some of the largest and most successful companies in America are family owned and operated, yet 70 percent of family-run businesses don’t make it […]