In the October 2019 edition of Ask the CPA, Managing Partner of Friedman's Philadelphia office, Kim Dula answers the question, "Why do so many families put off succession planning for their businesses?"
Kim shares that succession planning isn't always clear cut and provides different challenges for each family. However, it's best to plan ahead in case of unforeseen events. "Succession planning may be emotional, but it is essential. With time, effective intrafamily communications and proper planning, families can achieve their goals."
See what else Kim had to say, here!