Multigenerational Succession Planning
The courage to look ahead and plan for the future has proved itselfa distinguishing feature between families who succeed in preserving their unity and wealth through the generations – and those who don’t. Family business owners need to bravely take stock of the situation and decide whether to keep the business in the family, who the next leader will be, how to train the successor generation, what stake the next generation will be given in shared assets, how the family is to be managed, and what will ensure that its members share good communication. Dorot has devised a process that helps the family to identify the desires and abilities of its members and to translate the present owner’s vision into a sustainable plan for the successor generation as well. We have no doubt that the “destiny” of the first, second and third generations in a family owned business can be changed. That’s what we’re here for.