For generations fathers passed the family business down to an offspring and the hand-over continued down through the ages. Indeed succession was deemed more of a formality rather than a coherent and well thought-out business development.
But as John Byrne, partner at the Crowe Horwath accountancy and business advisory firm, explains that trend is no longer taken for granted.
“There’s now a willingness to consider alternative routes and outcomes and more owners are seeking professional...
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