Retirement Solutions Boca Raton

When a family owned and operated business successfully transitions from one generation to the next, it is a work of art.   One of the most complex challenges facing a large sector of the American business landscape is succession planning for family businesses. Speaking from my own experience, these are emotionally charged issues, often blurring the lines between business and family. Results take time to achieve and there should be a contingency plan in place if time runs out before the succession plan is finalized. Life insurance is the great equalizer in these cases. There are approximately 13 million family owned or family-controlled businesses in the U.S. These owners will shape an important part of the future economy. Second and third generation entrepreneurs face a more complicated world than their parents did. Technology, workforces, competition and a global marketplace are changing at remarkable speed, challenging the best leadership. Often, the founders are still invol