Wealth Planning Advisory 1Q18

The Human Element: An Integral Part of Family Business Succession Planning

Family businesses play a big part in the U.S. Economy. According to The Small Business Administration, more than 90% of all businesses operating in the U.S. are family-owned. Family businesses are responsible for 78% of the new jobs that are created. Yet, the tragedy is that less than one third of the businesses owned by families survive the transition from the first generation to the second generation. The failure rate increases dramatically for transitions beyond the second generation. Read More >