Every family business needs a succession plan. Why? As Detroit-based business attorney Zana Tomich explains in this video, the succession plan is crucial to a family business’ ability to succeed in the future and thrive beyond the current generation.
Overlooking the succession plan is one of the greatest mistakes a family business can make. In the video, Zana answers questions about success plans like “What happens when a key employee retires?” and “What if there’s an unexpected departure, disability or even a passing?” She also highlights the five things every family business needs to know about succession planning.
Zana is the leader of the Business and Employment Law practice at Dalton & Tomich, PLC. If you have questions about succession planning for your family business or other family business transitions, contact her at 313.859.6000 or click here.
There are 10 things your attorney should be doing to help you succeed. If yours isn’t doing them, it may be time for a new attorney.
Download the Free Guide NowHaving worked with Zana for 10 years, I can attest to her professionalism, her pragmatism, and most importantly, her integrity. I always get sound, thoughtful advice and guidance. From routine filings & updates to the highly unexpected, Zana’s there to help, always responding quickly and […]
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