• When the Family Business Fails to Plan...They Plan to Fail
  • May 16, 2013 | Author: Kristin M. Tyler
  • Law Firm: Gordon Silver - Las Vegas Office
  • According to the Family Business Institute, only 30% of family businesses survive beyond the founder’s generation. The mean age of control in the family's core company is 60.2 years. Despite this 25% of family business owners entering their senior years haven’t completed any estate or succession planning. These numbers illustrate that proper succession planning is key to ensure that a business survives - and thrives - for generations ahead.