Veronica Davis is a writer at assignyourwriter.co.uk, legal assistant and blogger living and working in Philadelphia. She works with Todd Mosser, Esq, a Philadelphia appeals attorney.
Family businesses are more vulnerable to inadequate succession planning because, understandably, members of every generation involved with the business are likely reluctant to discuss, much less contemplate, the incapacity or death of the current leaders.
You’ve worked hard to build the family business from scratch, or perhaps you are the latest of several generations running the business. Either way, you must plan for the day you step down well before you intend to.
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