Wealth Planning Illuminated
Wealth Planning Illuminated
CIBC Private Wealth US
Privately Held Business: Transition to a family member
7 minutes Posted Mar 15, 2022 at 5:00 am.
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A challenge for any business owner is knowing when and how to transition leadership. If you run a family business, the decision can be even more complex as family harmony and relationships are often at stake. If you have a strong desire to keep your business within your family, certain considerations can help you prepare for a successful transition.