Succession Planning for Your Family-Owned Business

Considerations for Preparing Your Heirs to Take Over Your Business
By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 30 October 2019

Succession Planning for Your Family-Owned Business

A common trait among successful business owners is to place importance on instilling their business values in their children. This is especially key when you plan for your children to play an increased role in the business as you age or after you die. In these cases, it’s important to guide your children in business starting at an early age and ensure they understand their future role. Your children are likely to have an easier transition when you eventually step down or scale back your responsibilities if they have grown up in the business.

Contact Us

  • 3300 Edinborough Way
    Suite 420
    Edina, MN 55435
  • FAX: 952.953.3310
Listen to the Flourish Financially Challenge on Your Favorite Streaming Service

Copyright © 2020 Flourish Wealth Management, Inc. All Rights Reserved. Powered by AdvisorFlex.