Liquidity Planning for Family Business Owners

Liquidity Planning for Family Business Owners

Executing best practices can help avoid a fire sale

Depending on your perspective, certain statistics can be either depressing or instructive; a glass half-empty/half-full kind of thing. Well, consider these: While nearly 80 percent of family business owners want to pass their business to the next generation, only about a third of family businesses make it through the second generation. By the end of the third generation, only 12 percent will be family-controlled, shrinking to 3 percent at the fourth generation and beyond. The remaining fa

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