Family-owned business: Careful planning helps family businesses pick new leaders — Table of Experts

Many small, family-owned businesses, historically the backbone of Western New York’s economy, are approaching a generational shift in leadership as baby boomers arrive at retirement age. All eyes are on the next-in-line. They have the benefit of past generations’ work to guide them and the privilege of establishing their own approach to operations as they take their companies forward. Their future success in many ways depends on smart planning for the transfer of ownership years before the…...