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Dividing the Family Business: Structural Solutions for Common Scenarios
All family businesses are different. There’s no one-size-fits-all approach to succession planning. Different business and familial dynamics call for different legal and financial solutions. Some owners will pass down their company to heirs, sell it to an outsider, or retain ownership as the family runs it.
Here are some common succession planning scenarios for family businesses.
Scenario 1: One Successor, Multiple...