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Lifetime succession planning ― overview

Founders of successful trading companies are often reluctant to consider their retirement or the future of the business after their death. For many entrepreneurs, their identity is tied up in the business and they find it psychologically difficult to consider separating themselves from it. Some may have no children to pass the business to and others will have several children who are variously able / unable and suited / unsuited to continuing the trade; making the choice between them is either impossible or too