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

“The absence of structured succession planning endangers the legacy and sustainability of family businesses,” the report stated. The study, which surveyed more than 130 family business leaders ...

Greg Abel is Buffett's pick to take over, but some Berkshire Hathaway shareholders told BI they're worried about the future.

Planning to sell or retire in 5 years? Early succession planning ensures a smooth transition and maximizes business value. Here's how to start.

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 ...

However, our latest research has highlighted a concerning reality: less than half (only 47%) of family business owners 1 have started succession planning, despite the risks of leaving it too late.

facilitate smooth succession planning, and foster sustainable growth. By equipping current and future leaders of family-owned businesses with the skills and knowledge needed to ensure continuity ...

Aimed at family business founders preparing for retirement or transition, this comprehensive guide offers a step-by-step approach to succession planning, retirement planning, and creating a ...

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 ...

BENGALURU: India’s family-run businesses are taking a more structured and optimistic approach to succession compared to their ...

What happens to a family business when its leader dies unexpectedly? A new study led by Northeastern Professor Kimberly Eddleston showed that the most damaging successors were family members who ...