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Time to Think About that Family Business Succession Plan

Time to Think About that Family Business Succession Plan

The most recent PricewaterhouseCoopers U.S. Family Business Survey (2017) concludes that succession planning is a “perennial problem” for family businesses. Nearly one-third of family businesses have no succession plan at all, and just 23% have a formal documented...

CONSIDERATIONS FOR NEGOTIATING COMMERCIAL LEASES

While some of the provisions contained in commercial lease agreements may be considered commonplace or “boilerplate” language, there are certain issues that require specific attention, depending upon your position in such transactions as the landlord/lessor or the...

PLANNING FOR THE MORTALITY OF A CLOSELY-HELD BUSINESS

When launching a new business venture, it is likely (and more fun) to focus on strategic planning, growth and implementation. However, it is vital in the early stages to give serious consideration to an exit strategy and business succession plan. Business structures...