How to keep a business in the family — and keep your relatives

The COVID-19 pandemic prompted many business owners to fast-track their succession plans — but managing a successful transition requires careful planning that can’t be done overnight.

Regardless of the size of your wealth, keeping the business in the family is a top priority, according to a recent family business survey. [] Nearly two-thirds of respondents said it’s an important long-term goal for them.

However, even in families where both older and younger generations share a desire to…

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