An interview with William Roberts about having a shared vision and how it relates to family business planning strategies.
William Roberts
Family business Thinking Column posts by William Roberts
Where is your buy sell, is it buried in your operating agreement for your LLC, or is it in a file in a drawer not opened in years. For those of you who are up to date with your agreement, the above scenarios would seem unthinkable. However, years of experience in asking business owners “ How long has it been since you reviewed your buy sell agreement with your partners?” only to be met with a vacant look has taught me this is too often a “misplaced document”…
We often meet with families who have embarked on a transition plan that has proven not to be the destination they intended. Whether it was a plan that was not well thought through or family issues created obstacles that later proved insurmountable, the ultimate effect is adding another negative number to the already poor family business transition statistics…
