The need to transition to the next generation is at the heart of all Family Businesses, regardless of age, industry or geographical location. Experts all agree on a singular fact: Succession Planning is a crucial and a necessary part of a family business. Research points to the various repercussions of not having a sound strategy in place. Many current owners are aware of the need for a sound succession plan and are looking to create a formal plan. Many do not know where and with whom to start the conversation. The following scholarly and best practices articles have been collected to help you understand the process and prepare you to begin the conversation.

Articles Of Interest:

Business Transition Planning: How To Leave Your Company To Your Children

Family Business Quick Tip: Succession Planning

Minding the Family Store for the Next Generation

KPMG Insights:

Setting goals and objectives for an effective family business succession plan