If You’re Thinking About Selling the Family Business, Do It Now

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Family business successions have many moving parts, not the least of which is the family itself, Guth says. That’s why parents and children must have ongoing and clear communication with one another so the third generation doesn’t feel duty-bound to carry on when that expectation doesn’t actually exist. “The last thing you want is to impact the family dynamic negatively, ” Guth says, “and that’s a complicated thing.”

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