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Business succession planning and the need for risk management
Business succession planning and the need for risk management
If you're a business owner, at some point in the future, you may consider selling your business to a third party, and there are risks that you can help manage as you prepare to sell your business that may help you maximize the selling price. Watch our video to learn about three risks you can control.
When transitioning a family-owned business from one generation to the next, there are unique challenges beyond the financial aspects. Preserving family harmony is often a concern as well.
In some cases, life insurance can help family business owners reduce conflict and protect relationships while passing on the ownership.
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