Shareholders Jason Levine and Andrew Erdlen, along with Megan Helzner and Eliza Orleans of CFAR, co-authored “Hoping for the Best, Preparing for the Worst” for Family Business Magazine. Many family-owned businesses lack written transition plans or any kind of framework for planning for future exits from the business, leaving them potentially vulnerable. In their article, the authors examine the fundamentals of transition planning, why it is important, and how businesses can de-escalate potential disputes.
