Family Business Transitions – Creating a Sustainable Future

In the December 2014 edition of the Business Update, a West-Michigan business-to-business publication, DWH was a featured contributor. The article discusses the importance of planning ahead for a family business transition and key aspects that should be included as a part of the planning process.

As a part of the planning process, which should start at least two years in advance of a planned transition, the generations involved should be confident the following long-term, value-creating items are in place:

  • Sustainability of Cash Flow
  • Documented Strategic Plan
  • Tested Succession Management
  • Timely and Accurate Financial Systems and Controls

For a full description of these items and how they can impact a family transition, a full reprint of the article can be found here:  Business Update December 2014 – Family Business Transitions