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Home > Management > Family Business > Succession Planning

Succession Planning

Article Archive
Passing Your Business To Your Heirs
If you want your descendants to save on inheritance taxes find out why now's a good time to start handing over the family business.

Smart Succession-Planning Strategies
If you haven't thought about what will happen to your business if you're no longer able to run it, these tips will get you thinking about the best plan to put in place.

Successful Succession Planning
When it's time to think about retiring from your business, these tips will help you find the best person to take over your job.

Preparing a Smooth Exit Strategy
Will your kids take over the family business someday? Prepare today to ensure a successful transition tomorrow.

Choosing a Successor
Every great dynasty needs a capable successor. Your business is no exception.

Handing Over the Family Business
How to decide which child will take the reins

Selling the Family Business
Is it time for the family and the business to go their separate ways?

When Your Parents Want to Retire
When your parents are ready to leave the family business, be there to help them.

Giving Stock to the Next Generation
Are you gifting stock to the younger generation for the right reasons?

Avoiding a Too-Early Succession
Hand your kids a key to the business too early, and you could unlock the wrong attitude.

Getting Management Help From the Next Generation
In order to roll with the times, family business leaders must rely on people other than themselves—their successors.

Business Mentoring for Your Kids
Nonfamily mentors may be the best way to prepare the next generation.

Creating a Strategic Plan for Growth
Before focusing on succession, develop a strategic plan for growing the company.