Generational Succession

A well-executed generational succession is rarely the result of a quick ownership transfer. It is the result of time, planning and a willingness to address questions that are often both commercially and personally difficult. Because when a business is to pass from one generation to the next, far more is at stake than legal ownership. […]

Generational succession is often described as a legal and financial process. Ownership must be transferred.Tax structures must be considered.Contracts must be prepared.Management responsibility must be clarified. All of this is true. And yet, the businesses that struggle most with succession rarely do so because the documents are missing. They struggle because the process is, at