Fewer than one in four private companies report having a succession plan in place (1). It’s understandable. You are so focused on the day-to-day operations and immediate challenges of running […] ...

You’ve put the proverbial blood, sweat and tears into building your business. You’ve navigated its challenges and celebrated its growth. You may ...

These examples are on each end of the extreme when it comes to succession planning, which was the topic of a program held in Berlin last week with more than 70 people attending.

For financial professionals working with business owners, navigating the intricacies of succession planning can be daunting. That’s why Allianz Life Insurance Company of North America (Allianz ...

“Business owners live every day for their business, so … they don’t anticipate these successions, whether it’s an offer or ...

Business Succession Planning Dos and Don’ts Three real-world examples advisors can learn from. Marvin Blum | Feb 21, 2024 ...

Thoughtful planning ensures the business legacy and value are preserved for years ahead. The classic example of family business planning is going to market. On one hand, sales of closely-held ...

In this roundtable discussion - hosted by First American Bank and held at the South Florida Business Journal office - entrepreneurs, bankers and advisors explored the importance of succession ...

To set your business up for long-term success, here are nine essential steps to incorporate into your succession planning strategy: 1. Identifying And Developing Potential Successors Identify and ...

Conway Center for Family Business defines succession planning as the strategic process of transferring roles and responsibilities within the family business to new individuals, family or non-family.

The more communication and open conversations that you have with your advisers and your team, the easier the transition out of your business will be. The right banking partner is a great addition to ...

Often, advance planning to address current business debts is a critical part of a business succession plan. Life insurance policies can provide liquidity for businesses and estates.