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Family Business Succession

Transferring the family business is not just about legal decisions. It is also about transferring management decision authority. But too many family businesses don't do the latter. As a result, research shows only 30% of family businesses make it to the second generation.

Complete the worksheets entitled "Identifying What's Important." There are separate unique versions for older and younger generations. Then listen to the two streaming-audio presentations.

These worksheets will help each generation of the family business to identify important issues in the transfer of decision authority. Each member involved in the family business should complete one of these worksheets. Here is a guide to completing the worksheets.

Additional Resources

Family Business Transfer Decisions Are More Than Legal Decisions. Discusses the stages often excluded in the family business transfer process.

Qualified Therapist Locator. To find a therapist near you, visit this site. Then click on "Search in the US". You select the number of miles within which you want to search.