Jim, the founder of a family business specializing in real estate, is contemplating turning the business over to his five children. One possibility, the founder believes, is to divide ownership equally among the children. This action would

Question

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Dividing ownership equally among the children can potentially hinder the future functioning of the business due to conflicting opinions, lack of decision-making power, and potential lack of motivation among the siblings. It is recommended to establish a clear hierarchy, provide appropriate roles and responsibilities, and consider other options such as gifting or selling shares based on merit and contribution rather than solely based on ownership.

Jim, the Founder of a Family Business Specializing in Real