#FamilyBusiness Archives | Hutchinson and Bloodgood LLP

Prepare a successor to lead your family business

Ideal family business successors develop a broad base of experience and expertise long before the current leader retires. We explain what succession candidates need to know before assuming the top job.

September 23, 2026

Are you planning to retire or move on from your family business in the next five to ten years? If so, and you know who’ll succeed you, start preparing that person to lead. To reveal knowledge gaps, minimize friction among relatives and employees, and give everyone greater confidence in the next leader — and the […]

#FamilyBusiness, #LeadershipDevelopment, #SuccessionPlanning

Find Out More

Succession Planning

Advisory boards provide family businesses with independent perspectives

Were,loving,your,ideas.,shot,of,a,young,businesswoman,giving

January 30, 2026

H&B

0

Does your family business keep its strategic decisions within the family? It’s common for family businesses to assign relatives to positions of authority and require other employees to defer to them. But “common” doesn’t necessarily mean “good.” Not only is outside input recommended, but it can help reduce the risk of certain problems (such as […]

#BusinessGovernance, #FamilyBusiness, #SuccessionPlanning

Find Out More

Estate Planning

Family business focus: Addressing estate and succession planning

Young,beautiful,asian,female,florist,entrepreneur,arranging,a,bunch,of

May 30, 2025

H&B

0

The future often weighs heavier on the shoulders of family business owners. Their companies aren’t just “going concerns” with operating assets, human resources and financial statements. The business usually holds a strong sentimental value and represents years of hard work involving many family members. If this is the case for your company, an important issue […]

#BusinessSuccession, #EstatePlanning, #FamilyBusiness, #SuccessionPlanning

Find Out More