10 Tips to Peacefully Continue the Family Business
Guest post by Jennifer K. Halford, Esq.
I was recently preparing a presentation for my local Small Business Development Center about the steps a small business owner should take to ensure the next generation is ready to continue the family business.
I find that most small business owners underestimate the time it takes to continue the family business. They are busy and find it difficult to talk about what will happen when you pass away.
However, failing to plan for the transfer of the family business can result in heartache and conflict. I have seen many lawsuits of children fighting over their parents business.
So what steps should you take to ensure your children peacefully continue the family business?
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