Challenges that business owners contend with when transitioning the business to the next generation

February 1, 2015 at 1:00 am

2007_Sept_GMM_Estate_and_Business_Successor_Planning_DownriverProfileBusiness succession planning, asit is typically described, contemplate scurrent ownership and leadership roles of the business entity, as well as how to transfer the ownership to the next generation and how to fill leadership positions as part of that process. Proper business succession planning involves a team of professionals to handle the intertwined legal, financial, tax and family dynamics that are always part of the process.

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