Succession planning may be the single-most neglected aspect of business ownership. Don’t make the same mistake that so many others do. Instead, get started with your plans today.

The potential upsides of effective succession planning are huge, and yet most companies are not realizing these benefits, ...

Learn why transition plans are crucial for small business owners and the options available for a successful ownership ...

With the right succession planning, you can build a more resilient, agile and valuable business. Skip to content. All Sections. Subscribe Now. 60°F. Monday, April 14th 2025 ...

Yet, 30% of business owners don’t have a formal business succession plan, according to the Northern Trust Institute’s Business Owner Benchmark Survey. Worse, ...

Every succession plan is unique to each business owner. MORE FOR YOU. Netflix’s Best New Show Lands A 100% Rotten Tomatoes Score From Critics.

Estate Planning Attorney Megan Yip contributed insights regarding business succession, as our law offices are collaborating to provide the best insights into this emerging issue.

Establishing a business succession plan may be the single most important step to ensure the success and longevity of a family business, and more family businesses seem to be catching onto this fact.

We wrote an article for this column that was published back in July of 2015, titled “Estate Planning Consideration for Closely Held Business Owners.” A parallel topic for business owners, that ...

Creating a family business succession plan requires careful consideration and thoughtful planning. Here are some best practices to keep in mind: Start early: Begin the succession planning process ...

Business Succession Planning – planning that helps organizations prepare for transition in leadership and puts structures in place to develop skills and competencies in employees.

Family Business Succession Planning Is Never Easy. Every family wants to create a legacy for their children in the future, but often they skip the critical steps in the present.