FAQ’s on Business Exit Planning and “Corporate Divorce” (or “Business Divorce”)
…stakeholder can hold the majority owner(s) hostage. Mr. Bierce’s book addresses blackmail and similar risks. How to Avoid Corporate Divorce for a Family-Owned Business through a Family Succession Plan. Aging founders can transmit their ongoing business to a family member who has developed the skills and demonstrated the commitment to growth and entity viability. Identifying and training a key child (or other family member) requires a vision and…