Special report: A closer look at options during business succession planning
Plenty of families have bonded over a shared business venture, one that was passed down from parent to child. Other families have been torn apart after trying to run a business together.
For better or worse, though, business succession today is less a function of family dynamics and more a function of the financial imperatives. Surveys show a declining share of business owners are looking to pass on their companies to the next generation.
They have a range of options to choose from. Stories in this section offer a closer look at some of them, whether they involve selling to a third party, selling to employees or simply walking away.
Follow the links to read each one: