A PwC survey finds that family business transfers have a 70% failure rate
Steps to limit tax in other jurisdictions
The Oracle of Omaha is proactive when it comes to his succession plan. Read: Create a stronger succession plan Warren Buffett has appointed two new vice-chairs to Berkshire Hathaway—a move that’s part of his ongoing succession plan; not related to his health, he told CNBC on Jan. 10. The new vice-chairs are Gregory Abel and […]
When the courts may interfere with a testator’s succession plan
Pravin Kumar First vice-president and portfolio manager, CIBC Wood Gundy, Vancouver I’ve been working for 23 years, so I’m actively looking — internally and externally — for a capable associate to partner with and to eventually succeed me. To help, my firm has a dedicated succession planning team, which keeps me on track in a […]
Options for ownership
What’s next for your business? As early as possible, encourage transition planning
Advisors might ignore it, too
When business owners fail to create succession plans, that’s a major concern
Consider these approaches to maintaining excellent client relations