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Business Succession: Keeping Your Company Strong While Treating Children Fairly
This process—known as business succession planning—can be simple when one child has been in the trenches with you, learning how to make key decisions. But it is rarely that straightforward. Maybe one child is ready to lead the company into the future, while another chooses a different path but still deserves a fair share of what you have built.
This begs the question: How do you honor dedication while at the same time protect family relationships, act fairly, and keep the business healthy today, tomorrow, and for years to come?
It is a mix of intentional decision-making that creates both a financial puzzle and an emotional one.
To learn more, read Leigh's full blog.
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