According to the Conway Center for Family Business, family businesses account for 64% of the U.S. Gross Domestic Product (GDP), yet 57% of family businesses have no formal succession plan.

This is particularly true when addressing the transition of the management and ownership of a family business. While an effective succession plan must be tailored to the distinct characteristics ...

Transferring your family business into ... or guardrails present in the business’s governing documents that could pose obstacles to their intended succession plan. Particularly, you should ...

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

Experienced legal, tax, and financial advisors are essential to a successful business succession plan that protects owners, families, and long-term goals.

As India braces for a $1.5 trillion intergenerational wealth shift, a new HSBC report signals a changing tide in family ...

Experts from PivotPoint Business Solutions discuss why delaying succession planning is detrimental for your operation.

The founders of some of the nation’s most successful family business ... were restructured for succession planning purposes. This involved the $3.5 million sale of the business from one trust ...