Dividing Ownership Of A Family Business: 3 Factors To Discuss During Family Business Mediations
Keeping a business within the family can be much more difficult than you can ever imagine, especially if ownership disputes arise. The truth is that less than one-third of family businesses are able to successfully transition from the first generation to the second. If you don't want to waste all of the efforts that your parents or elders may have put into a family business, it's crucial for everyone involved with the business to sit down with a family business mediator to discuss how business ownership will be divided.
