More business owners are choosing a different kind of exit strategy that involves stepping back from day-to-day operations without retiring or severing ties with the company they built. On the surface, a transition like this can seem straightforward, but rarely is. In my recent work with a family-owned business, what appeared to be a simple …
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A business is typically considered family-owned when two or more family members are involved in its operation and the majority of ownership or control is held within the family. At the other end of the spectrum are Fortune 500 companies that are family-owned and have thousands of employees. The success of family-owned businesses and their …
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I’ve recently had several clients successfully exit their businesses by transferring to a family member or key employee. Is transferring to an insider a consideration for you? The benefits are many. Most important is that this choice gives you a great deal of control over the exit process and therefore your ability to define your …
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