Finding harmony: Navigating the challenges of succession planning

Business owners face a pivotal moment when considering the next stage of their lives, particularly regarding succession and legacy-building. This process involves several critical decisions, such as managing family dynamics, ensuring business continuity, and protecting accumulated wealth. These factors are essential in navigating the complexities of transitioning leadership and ownership.

To address these challenges, Family Enterprise Advisor Lou Celli joined the Globe and Mail for a webcast dedicated to succession planning and the future of family-owned businesses in Canada. This webcast provides valuable insights and strategies that can help business owners make informed decisions. Panelists detail how to effectively manage family relationships, maintain the stability of their businesses, and safeguard their wealth for future generations. The discussion is intended to help equip business owners with the knowledge and tools needed to secure their business’s legacy and ensure a smooth transition to the next generation, ultimately fostering long-term success and sustainability.

Speakers:
•    Lou Celli, Partner, Doane Grant Thornton
•    Marissa Freed, President, Freed & Freed
•    Isabelle Le Breton-Miller, Professor of Management & Chair of Succession and Family Enterprise, HEC Montreal
•    Don C. Sihota K.C., Partner, Clark Wilson LLP
•    Mariya Postelnyak, Staff Reporter, The Globe and Mail