Succeeding with Succession

The authors of this article are Andy Stone and David Foil. Andy is the Director of Family Business Planning Services at Forest Resource Consultants. He has more than 35 years of experience serving as an executive with multi-generational family-owned businesses. David Foil is past President and current Principal and Managing Broker at Forest Resource Consultants. He has worked as a consultant with family-owned timberland holding businesses for more than 35 years.

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Succeeding with Succession

Family businesses in transition have only a 30 percent probability of successful transfer to the second generation. With better planning and communication, you can boost those odds.

This article was originally published in the March-April 2023 Forest Landowners magazine. Andy and David will be conducting a seminar on the topic of Family Forest Business Transition at the upcoming National Conference of Private Forest Landowners in Nashville.

Contact us to set up a free consultation.

Let’s discuss how we can assist in building a plan that fits the vision and mission of your family business that helps you avoid transitional pitfalls.

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