Episode 147 — Succession Planning: Compensation and Communication

Succession planning can be tricky. Family businesses often have both ownership and management roles mixed up together. Why is it so important to separate these two aspects when planning for the future of a family business? You know The Tax Man is watching. Don’t skimp out on legal advice if you find yourself making plans to pass down to future generations.  When is comes to passing the CEO-torch and making tough decisions on compensation, an advisory board comes in handy. How do you see compensation impacting culture and growth? Audio Mixing and Editing by www.verbell.ltd