How to prepare for transitioning the family business

The Globe and Mail
June 6, 2023.

In an article for the Globe and Mail, Alexandra Horwood discusses how the process of transitioning a family business from one generation to the next can be a daunting task.

Beyond providing prudent financial advice, advisors can draw upon their deep knowledge of a family’s personal and financial goals to develop a roadmap – and open clear lines of communication with all stakeholders.

Having an unbiased third-party advisor can be particularly impactful for clients who have built a business from scratch, as it can be an emotional process to transfer and exit a business that one has grown and nurtured.

Read more.

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