TITLE

PLANNING FOR CONTINUED SUCCESS

AUTHOR(S)
Edson, John
PUB. DATE
May 2012
SOURCE
Precision Manufacturing;May/Jun2012, p21
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that only 30% of family businesses survive into the second generation and only 12% in the third generation, based on research from the University of Miami Institute on Estate Planning. Succession planning not only involves a simple transfer of a business from one generation to the next but also involves developing management from outside or inside the family. The author says that it may sometimes come to the point when one has to sell the business to an outsider.
ACCESSION #
76127860

 

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