As a family-owned business grows under the leadership of its founder, a question arises sooner or later that often gets neglected: “What happens next?” The
For many business owners, the most attractive and aspirational succession plan is to pass the family business on to their children. However, passing a business
We may not always like it, but us business attorneys know that you business owners are often out there wheelin’ and dealin’ with handshakes and
A business succession plan, like an estate plan for an individual, is something that requires clear-eyed, strategic thinking. It’s not something to put off until
It’s one of the questions that new business partners most commonly overlook: What happens when one of the owners leaves the business? For example, let’s
Succession planning is a process all small business leaders should undertake. Similar to estate plans for individuals, succession plans are used to address situations where
Media Contact: Barbara Fornasiero; EAFocus Communications; [email protected]; 248.260.8466 Detroit—December 30, 2020—Zana Tomich, co-founder of Detroit-headquartered law firm Dalton & Tomich PLC, has been named a
Running a successful business requires skill, dedication, and the ability to look beyond the particular product or service that your company provides in order to
Every family business needs a succession plan. Why? As Detroit-based business attorney Zana Tomich explains in this video, the succession plan is crucial to a
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