SuccessCare Program: Succession planning & family business planning

Ike did it right: successful family succession planning
In 2004 I learned that Ike’s tax strategies had helped him achieve yet another goal: transferring one of his franchised restaurants to his daughter.

Keep your eye on the ball
Performance is a critical component as you prepare your business for sale or transition.

Family ties can put companies in a bind
In family businesses, strain between relatives can be more severe when finances are tight.

Businesses falling outside families

Written by Terri Saunders, Sun Media

When Deborah Mohr-Caldwell made the decision in 1996 to take over her father’s business, she wasn’t convinced it was the right move.

Despite the fact she literally grew up in the business her father founded in 1960 — she often helped out with office duties, an easy task considering the office was in her home during most of her childhood — Mohr-Caldwell had her doubts.

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