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Succession Planning Needs to Become a Priority for Closely Held Businesses

6/22/2010

There comes a point in the lifecycle of any family-owned or closely held business when the owners must step back and decide what will happen to that business once they are no longer at the helm. Too often, this fails to happen, putting even the most successful businesses at risk for failure once the founder no longer oversees the company’s day-to-day operations.

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