

- Feb 6, 2018
- 3 min
Before exiting, take time to properly transition your business
There's an aging population of owners looking to exit the family business and, between 2018 and 2025, they are expected to represent a transfer of up to $4-trillion in assets, according to PricewaterhouseCoopers. Yet less than half of family-owned businesses have a formal succession plan in place. Many entrepreneurs hold off on an exit strategy until they retire or are too old or ill to continue, but there are potentially unexpected reasons that may require a departure from t