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Family Businesses Should Plan for Succession


by John G. Treitz
Robert Tiell
Stoll Keenon Ogden PLLC
September 10, 2005

Previously published on December 2002

Succession planning is the principal issue facing family-owned business today. Statistics show that only 30 percent of family-owned businesses survive the succession from their founder to the next generation. Experts agree that most family-owned businesses fail as a result of succession because a...


 

The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.




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