))
Advance Your Wealth - Family Business Succession: An Overview for Owners and Heirs
Manage episode 342710314 series 2834060
Contenuto fornito da Homer Smith. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Homer Smith o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
If you’ve built and grown a family business over time, there’s a very good chance that you’d like to have your heirs take over the company at some point down the road—or maybe more like around the corner, if you’re ready to move on.
But are you and your business’s potential future owners prepared for that transition and set up for success?
In the latest episode of Advance Your Wealth, we discuss the importance of the communication in the family business transition planning process and some of the issues that need to be addressed to increase the likelihood of a successful transition.
Timecodes:
0:06 - Introduction and overview on the topic of the day
2:38 - The overall importance of business transition planning
4:37 - The family planning element is extremely important within this conversation
6:19 - Where a plan can fall apart along the way
8:03 - The family relationships are at the crux of a proper plan
10:00 - How a family business should approach developing a thorough succession plan
11:27 - Generational family wealth and keeping businesses in the family
13:12 - What's the first step in getting this process off the ground?
16:41 - How to get in touch with Homer's team for future discussions
19:01 - Closing remarks
Connect with Homer Smith:
65 episodi
Condividi
