Nearly two-thirds of business owners do not have a succession plan, which could include either a sale or transfer of the company.
Click on the following link for the article: www.cnbc.com
Dave Tate comments: business owners lack succession planning, and co-owner and family dynamics can lead to difficult issues and problems. Many of these can be addressed and solved before the fact. See also a prior post regarding California Corporations Code section 709, petition to contest the validity of the election of a California corporation director, http://wp.me/p5c0al-1m.
Dave Tate, Esq. and CPA (inactive) California, http://directorofficernews.com