An astonishing 93 percent of family business owners depend on the family business as their primary source of income, according to the 2007 Laird Norton Tyee Family Business Survey.1 This statistic has far ranging ramifications on the success or failure of family business succession. A family business owner's dependency on the business for cash flow is an often unspoken obstacle to beginning a healthy succession process. Why would a business owner transfer management and ownership of ...

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