Blog Post
01/09/2019
By Thomas F. McGuire

According to statistics, only about 30 percent of family businesses survive to the second generation, and only about 10 to 15 percent survive to the third generation.  Although there are a number of reasons which may lead to this result, one factor which has definitely contributed to this "failure to survive" is the absence of an adequate business succession plan.  Whether you are a developer, contractor or other business owner in the construction industry--and whether you are the sole owner or one of multiple owners of your business--the implementation of a succession plan is an