Small business owners work long and hard to create something of significance--Families work even longer and harder.
Unfortunately, in the commotion of building and running a successful enterprise, many do not take the time to prepare for the future and to prepare the future owners and managers to carry on their legacy.
The Wall Street Journal recently highlighted the difficulties and approach taken by some companies to plan for their future. http://online.wsj.com/articles/b-schools-take-on-the-family-business-1404327573 As the article points out, "family businesses exist at the intersection between personal and professional life." Any successful plan for the future must necessarily reflect this reality.
Have you planned for the succession of your business? It doesn't matter if you are an entrepreneur, farmer, or landlord: If you have a corporation, limited liability company, partnership, or sole proprietorship, consider planning for the next generation and give us a call!
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