Experts share top business succession planning mistakes, overlooked tax impacts, and why early, strategic preparation is key ...

If you need a place to start, download and complete a succession planning template for your family business.

the quick answer is to develop your own succession plan. In developing this plan, it is useful to ask questions like: How would a company address the sudden changes happening around the business ...

A shocking number of business owners—nearly 60%, according to a report from Wilmington Trust—lack a succession plan. This shortfall is not just a potential pitfall for the future but also a ...

what interests and motivates an individual will soon provide the business owner with an overview of future leadership suitability in the organisation.” Get off on the right foot. With every new senior ...

Experts say early planning, backup strategies and the right team are key to avoiding costly business succession planning mistakes.

This story previously appeared on principal.com. The "what ifs" help you create an adaptable succession plan Owning a small business and managing stress have always gone hand-in-hand. And those ...

While two-thirds (64 percent) of business owners have a succession plan in place, a new study by Edward Jones highlights the complexities and emotional challenges entrepreneurs face in preparing ...

If you want to be on the positive side of those numbers, you need to start planning the succession almost as soon as you start or acquire the business. The process requires transparency and ...

Succession planning in the context of family owned or controlled businesses generally has two overarching concerns; first, who will manage the business, and second, how will ownership and control ...