Which of the following actions is best for parents to decrease succession conflict among children active in the firm and those who are not?
A) Let those not involved in the company have a larger portion of an inheritance outside of the company, and allow those involved in daily operations have more ownership of the business.
B) Let the next generation reach a consensus about management of the company.
C) Change the ownership of the company so common (voting) stock is only given to those active in the firm's management and others receive preferred (nonvoting) stock.
D) Make decisions based on tax considerations, not what is best for the next generation or the business.

Question

Quizplus · Accepted Answer

The Answer of Which of the following actions is best for parents to decrease succession conflict among children active in the firm and those who are not?
A) Let those not involved in the company have a larger portion of an inheritance outside of the company, and allow those involved in daily operations have more ownership of the business.
B) Let the next generation reach a consensus about management of the company.
C) Change the ownership of the company so common (voting) stock is only given to those active in the firm's management and others receive preferred (nonvoting) stock.
D) Make decisions based on tax considerations, not what is best for the next generation or the business.

Which of the Following Actions Is Best for Parents to Decrease