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Family Business SuccessionOwnership Continuity

Family Business Succession: Ownership Continuity [Many families planning for the future of their business do not give a lot of conscious thought to family values or a vision for the future. In some cases, family members downplay the importance of developing statements that reflect the family’s wishes and beliefs. Similarly, ownership continuity planning is often not given the focus it deserves. The end result—as well as the process of ownership continuity planning—is also often perceived as obvious, in that family members think ownership transitions are fairly straightforward. Often they are not, once family members consider of the questions that arise through this important process. While there are many nuances, an ownership continuity plan addresses three specific questions: Who will own this business in the future?How will ownership be transferred?When will ownership be transferred?] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Family Business SuccessionOwnership Continuity

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Publisher
Palgrave Macmillan US
Copyright
© Palgrave Macmillan, a division of Nature America Inc. 2014
ISBN
978-1-137-28089-3
Pages
41 –66
DOI
10.1057/9781137280923_3
Publisher site
See Chapter on Publisher Site

Abstract

[Many families planning for the future of their business do not give a lot of conscious thought to family values or a vision for the future. In some cases, family members downplay the importance of developing statements that reflect the family’s wishes and beliefs. Similarly, ownership continuity planning is often not given the focus it deserves. The end result—as well as the process of ownership continuity planning—is also often perceived as obvious, in that family members think ownership transitions are fairly straightforward. Often they are not, once family members consider of the questions that arise through this important process. While there are many nuances, an ownership continuity plan addresses three specific questions: Who will own this business in the future?How will ownership be transferred?When will ownership be transferred?]

Published: May 17, 2017

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