What if the founders children are unlikely to continue in the business after the founders death?
All businesses endure cycles. Founders of family businesses don’t always die at a time when selling the business could achieve its greatest value. A construction business, for example, may sell for a much higher price during a housing boom. If the next generation is unlikely to step into the business, family leaders should recognize this and plan in advance for a successful exit transaction so that the family can receive the full value which has been built over the years.
Related Questions
- How can the business founder provide fairly for both the children who inherit the successful family business and those who do not?
- What if the founders children are unlikely to continue in the business after the founders death?
- Should adult children participate in the business founders estate planning?
