My hometown paper, the Kansas City Star, has this news item about a local family-owned insurance company that was recently acquired by a global insurance company, also with a substantial local presence. One of the family members of the company that was sold described the sale as a “very emotional, but satisfying decision.” Many business owners and entrepreneurs would feel exactly the same way – we invest time, energy, and hard work in our companies much like we would in a family member. A business may continue in the family for generations, or it may transition to new ownership. Regardless, making things work smoothly and minimizing stress and anxiety for business owners, key executives, and employees is vital for a good business succession story.
If my law firm, Johnson Law KC LLC, can help you and your family with your business succession or transition needs, give me a call (913-707-9220) or email me (firstname.lastname@example.org) for a convenient free consult.
(c) 2013, Stephen M. Johnson, Esq.