The succession options and resulting implications forkeeping ownership of the small to medium-sized family firm within thefamily.For purposes of this analysis, a family firm is one in which amaximum of four persons/families own a majority of the shares with at least oneof the persons/families...

The succession process of small to medium enterprises (SMEs) creates lifelong dilemmas for entrepreneurs. Who would like to be reminded of his or her imminent mortality by the children's claim on the family company? One way to enhance the value of an enterprise is to ensure that family ownership...