"This book provides lawyers with step-by-step guidance on how to lead family business owners through the succession planning process to produce a result that is tailored to the unique circumstances and objectives of the owners and their successors."--Back cover.

Helps to prepare for passing the family business on to the next generation. Leaders will learn how to create a succession plan; how to develop opportunities for succession candidates; how to build consensus with the family and leaders on succession plans and finally leaders will learn when and how to let go of their own role in the business.

If you are a business owner, or you are working with one, then this book is for you. The Succession Solution provides both an explanation of the importance of succession planning, as well as a practical, straight-forward, and proven system that can be used to continue your business to the next generation, whether your successor is a family member(s), an employee, or a third party.This book will show you how to achieve a successful transition of your business to the next generation of leaders. In fact, if you read and follow the steps outlined in this book, you will dramatically improve the survival and prosperity of your company's future.

Successful farmers are concerned with two critical questions: how do I hand my agribusiness to my heirs in a fair and equitable manner and how do I pass it as a viable business opportunity? Succession planning combines elements of business design, ownership/management succession, wealth accumulation, retirement design, and estate planning.

Careful planning by the owner will make a business more profitable and stable. Here the authors help business owners identify long-range goals for preserving the value of their companies, exchanging value for money, and integrating personal goals with business objectives.