We’ve all heard the statistics. While nearly 80 percent of family business owners want to pass their business on to the second generation, only a third of those owners succeed in doing so. By the third generation, only 12 percent of family businesses will be family controlled, shrinking to 3 percent at the fourth generation and beyond. The remaining
ARTICLE ACCESS REQUIRED
Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).
If you are interested in unlimited article access for one year, please select Annual Subscription below.