Passing a business down to the next generation is more often than not, unsuccessful. Why do family firms so often fail to make the generational leap? This course covers the essentials that both generations should know in running a long lasting family business. Topics include deciding if a business should be transferred to the next generation; accounting, financial, and legal considerations; developing and overseeing a succession plan; emotional intelligence; and avoiding common mistakes in business transfers.
Instructor: Deborah Meng, MBA, CRCM, CAMS, large banking organizations, Federal Reserve Bank of San Francisco