Retirement plan advisers are constantly thinking about their clients’ futures—but it’s becoming equally important for them to ...

A properly designed succession plan creates a better outcome for farm owners and their successors. The primary purpose of succession planning is to preserve, protect and promote the family’s most ...

For restaurant owners, business succession planning is crucial to ensuring a smooth transition of ownership while protecting the legacy of ...

According to the Conway Center for Family Business, family businesses account for 64% of the U.S. Gross Domestic Product (GDP), yet 57% of family businesses have no formal succession plan. 1 While the ...

Farm Journal is celebrating the next generation of American agriculture. Our goal is to encourage you to plan for the future and cultivate multigenerational success through the transfer of skills and ...

A pair of reports show how a desire to keep control within the family is driving more efforts at formal governance and preparing the next generation.

Just 13 percent of family business members in the next generation say the business would “continue to run smoothly and without interruption if an important family employee moved on, retired, or passed ...

Does it make sense to have a succession plan in place amid the ever-evolving landscape of today's business world, where turnover of team members and even owners has become the norm? Here, we explore ...

The very public division within the Democratic Party following the presidential debate in June serves as a stark reminder of the crucial role of succession planning. Regardless of the outcome, the ...