{"id":19006,"date":"2024-04-02T17:52:56","date_gmt":"2024-04-02T17:52:56","guid":{"rendered":"https:\/\/www.writemyessays.app\/blog\/questions\/8-succession-issues-your-team-can-choose-to-focus-on-family-owned-or-family-run-firms-what-problems-can-occur-when-a-firm-transitions-to-new-ownership-following-the-death-or-retirement-of-the-own\/"},"modified":"2024-04-02T17:52:56","modified_gmt":"2024-04-02T17:52:56","slug":"8-succession-issues-your-team-can-choose-to-focus-on-family-owned-or-family-run-firms-what-problems-can-occur-when-a-firm-transitions-to-new-ownership-following-the-death-or-retirement-of-the-own","status":"publish","type":"questions","link":"https:\/\/www.writemyessays.app\/blog\/questions\/8-succession-issues-your-team-can-choose-to-focus-on-family-owned-or-family-run-firms-what-problems-can-occur-when-a-firm-transitions-to-new-ownership-following-the-death-or-retirement-of-the-own\/","title":{"rendered":"8) Succession issues (your team can choose to focus on family-owned or family run firms):  What problems can occur when a firm transitions to new ownership following the death or retirement of the owner? What steps can be taken to prevent succesion"},"content":{"rendered":"<p><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">What problems can occur when a<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">firm transitions<\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\"><span style=\"cursor: auto;\">&nbsp;<\/span>to new ownership following the death or retirement of the owner? What steps can be taken to prevent<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">succession<\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\"><span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">conflicts<\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">? &nbsp;If the firm must be sold (to a family member) to provide retirement funds for the former owner(s), how is this typically accomplished<\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\"><span style=\"cursor: auto;\">&nbsp;<\/span>if the new owner does not have sufficient funds to buy the firm<\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">? You may wish to present some case studies on successful<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">and\/<\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">or unsuccessful succession examples.<\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\"><span style=\"cursor: auto;\">&nbsp;<\/span>Note: The wine industry<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">has a tradition of family-run enterprises<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">that<\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\"><span style=\"cursor: auto;\">&nbsp;<\/span>span generations<\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">. Succession within the wine industry<\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\"><span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">provides some<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">excellent<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">examples of<span style=\"cursor: auto;\">&nbsp;<\/span><\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">problems<\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\"><span style=\"cursor: auto;\">&nbsp;<\/span>in this area<\/span><span style=\"font-size: 18px; line-height: 21.600000381469727px; cursor: auto;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What problems can occur when a&nbsp;firm transitions&nbsp;to new ownership following the death or retirement of the owner? What steps can be taken to prevent&nbsp;succession&nbsp;conflicts? &nbsp;If the firm must be sold (to a family member) to provide retirement funds for the former owner(s), how is this typically accomplished&nbsp;if the new owner does not have sufficient funds [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[18],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/19006"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=19006"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/19006\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=19006"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=19006"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=19006"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=19006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}