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…
