A good exit plan should create clarity quickly, then convert that clarity into actions that increase options and value.

ROCHESTER, N.Y. — When it comes to business succession planning, there are lessons to be found in the journeys of others. The Rochester Business Journal talked to three professionals to find out ...

For many small to mid-sized business owners, their company is more than just a business — it's a legacy built over years of ...

"Our survey of 300 family business executives reveals a striking gap between intent and action: While 85% agree succession planning is critical to long-term success, only 57% have a CEO succession ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Business transition planning and leadership succession ...

Succession planning encompasses a broad spectrum of activities, from identifying potential successors to transferring control of day-to-day operations and aligning the transition with the strategic ...

Unlike traditional employees, business owners often have income tied directly to company performance, fluctuating cash flow, and ownership equity. A significant portion of their net worth may be ...

ST. LOUIS, June 11, 2024 /PRNewswire/ — The more than 33 million business owners in America face unique challenges in today’s world, including navigating high healthcare costs and keeping up with ...

As part of NJBIZ’s latest virtual panel, participants discussed how family businesses can survive and thrive across multiple generations. Earlier this month, Trump signed into effect sweeping tax and ...

“From a legal standpoint, a strong succession plan involves more than just identifying successors, it requires formal documentation to assist in making enforceable and efficient transitions that align ...