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Smart, forward-thinking, successful family business owners typically don’t intend to fail to plan for their business’ smooth continuity, but, still, many fall short. They fail to plan despite both knowing better and being prodded and forewarned (about the pending doom of their estate and legacy) by the advisor community.
How can we help business owner clients move forward with their succession plans? More proactive teamwork among the family business succession advisory team (collaboration among professional advisors) can lead to better goal clarification, family communication and implemented (not just a nice power point or flow chart) transition plans that result in successfully passing the family business as intended. In fact, two life ...
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