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Friday, 25 July 2008
 
 

Preparing A Successor For The Family Business

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Preparing A Successor For The Family Business

In-family transition is encumbered with a number of potential pitfalls arising from the intertexture of family issues with business issues. Selecting and preparing a successor is not without its challenges. Among the array of business, personal, tax and estate issues that need to be addressed as part of the transition process, the preparation of the successor should be paramount. On this person will devolve much of the responsibility for carrying the business forward successfully.
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