Family Business Succession: When One Child Wants It, and the Other Doesn't – How to Make it Fair
For many families in Portland, Oregon, a family business is more than just an enterprise; it's a legacy built on hard work and shared dreams. But when it comes time to pass the torch to the next generation, a common and often painful dilemma arises: what if one child wants to take over the business, and the other doesn't? Ensuring fairness in this situation is paramount to preserving both the business and crucial family relationships. An experienced Portland, Oregon estate planning attorney can guide you through these complex decisions.
Portland, Oregon Business and Estate Attorney on Finding the Off Ramp for Your Business Ownership
Business plans often address marketing, growth, and product development issues. However, business owners often fail to create an exit strategy, succession plan, or acquisition plan. But Succession isn’t just for obscenely wealthy kingpins of media with overly ambitious and conniving children.
Portland, Oregon Estate Planning Attorney: How Ranchers and Farmers Can Protect Their Life’s Work
Creating a comprehensive estate plan can protect your interests and your family’s future. When you work hard to earn a living and obtain assets, it’s natural to want to pass them down to your children or dependents when you pass away.