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Tips For Successful Succession Planning

“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.”  ― Abraham Lincoln Your company is built to last. But when you are ready to step back and let go of the reins, will the next generation preserve your legacy? Many times my clients owning a closely-held company or family-owned business have shared with me their hope to ensure a successful transition at their company to future leaders. And as a litigator, too often I’ve seen shaky succession plans fall apart, forcing my clients to dismiss potential future leaders and reinsert …

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