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The Family Business: Success and Succession
Carolinas AGC Weekly Bulletin - 1998
Paul A. Kohut and J. Darrell Shealy

In this article, Mr. Kohut and Mr. Shealy discuss various issues and hurdles involved to ensure the successful transition of a family business from one generation to the next. They provide a thumbnail sketch of questions and strategies to consider in the areas of management control, ownership, valuation, trusts and tax planning.