Making the Succession Smooth
In ensuring current success, family business owners sometimes forget to take care of their company’s long-term needs–notably, deciding who will take over when the current owners retire.
This process is invariably very tricky, as the current generation of owners try to balance the interests of the firm with the interests of the next generation. Christophe Bernard, a family business consultant and partner with KPMG, recently provided some interesting insights on family business succession.
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