cs3 Starting from scratch 20 years ago, Kathy built a successful chain of specialty boutiques. After years of 12-hour days, Kathy is looking forward to retiring from the business some day. Because she has always expected to gradually hand the reins over to her daughter, Christina, he never spent enough time grooming a layer of senior management. Last night, Christina broke the news to her mom. Christina has decided to leave the family business and start her own venture. In a moment of shock, Kathy saw her retirement dreams crumble. She wonders how much longer she is going to have to work. THE PROCESS OF PREPARING TO TRANSFER YOUR BUSINESS BEGINS 3-5 YEARS IN ADVANCE. Once you have decided to think about transferring ownership, there is much to do. We work with you to help restructure your affairs with the transfer in mind. Why begin so early? If you hope to sell in 3 years, there are only 750 working days left to put your house in order.
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Links

Following are links to websites you might find interesting.


The Family Firm Institute

The Family Firm Institute (FFI) is an international professional membership organization dedicated to providing interdisciplinary education and networking opportunities for family business advisors, consultants, educators, and researchers and to raising public awareness about trends and developments in the family business field.

National Association of Corporate Directors

Founded in 1977, NACD is a national non-profit membership organization dedicated exclusively to serving the corporate governance needs of corporate boards and individual board members. NACD's 15,500 members and customers represent companies ranging from Fortune 100 public companies to small, over-the-counter, closely held, and private firms.

Planned Giving Design Center

A national network of hosting organizations that proudly provide over 23,000 members with timely, objective content on the subjects of charitable taxation and planned giving; an engaging community; and a collection of services aimed at facilitating charitable gifts.

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Case Study 7