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Category: Business Succession Planning

SOME BASICS OF BUSINESS SUCCESSION PLANNING

January 2, 2013Jeffrey A. Cramer Business Succession Planning, Estate Planning, Trusts Business Succession Planning, Estate Planning, Estate Planning Attorney, estate planning lawyer, Florida Estate Plannning, Florida trust lawyer, Florida will lawyer, Jacksonville Estate Planning, Jacksonville trust lawyer, Jacksonville will lawyer, life insurance, Trusts

More than eighty percent (80%) of businesses in the U.S. are private or family dominated.  Yet, these closely held businesses have an extraordinary failure rate.  Seventy percent (70%) do not survive to the second generation.  Eight-five percent (85%) do not survive to the third generation.  The average family owned business lasts only twenty-four (24) years. 

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