How Do You Transition a Family Business Without Creating Winners and Losers?
I was on a call with a potential client recently, and we found ourselves deep in conversation about their family business transition. What struck me most wasn’t the complexity of their situation—it was how trapped they felt in what seemed like an impossible win-lose scenario.
This family had done their homework. They’d consulted with attorneys, tax advisors, and estate planners. They understood the financial and legal mechanics of succession planning. But despite having all the technical facts covered, they couldn’t see a path forward that would work for everyone they cared about.