A new generation of recession-hit family firms are struggling to implement succession plans disrupted by the downturn.
With current estimates putting failure rates for first-to-second generation transfers as high as two thirds, bad timing is a pressing problem for the sector.
"There is an optimum time for passing the business on to the next generation," said Niall Glynn, a partner in Deloitte's private business tax division and author of Planning for Family Business Succession.
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