Successful business succession planning involves far more than legal documents, valuation issues, and tax strategies. For closely held and family-owned businesses, the greatest challenges often arise from the human dynamics that accompany the transfer of ownership and leadership from one generation to the next. Attorneys advising business owners must understand not only the legal framework of succession planning, but also the interpersonal and governance issues that can determine whether a transition succeeds or fails.

This CLE program will examine the non-tax and non-estate-planning aspects of business succession, including family relationships, communication challenges, leadership development, governance structures, and generational transitions. Participants will explore common obstacles that arise during succession planning and learn practical strategies for helping clients navigate competing interests, prepare future leaders, and facilitate a smooth transition of both management and ownership.

The program will also address the attorney's role in identifying and managing these issues while working alongside financial, tax, and business advisors to create a comprehensive succession plan.