A critical part of a family firm transfer from one generation to the next is to discuss decisions with potential heirs as well as family members working in the company.

Question

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It is important for family firms to involve potential heirs and family members in the decision-making process to ensure a smooth transition from one generation to the next. Open communication and transparency can also help in resolving conflicts and keeping everyone on the same page.

A Critical Part of a Family Firm Transfer from One