Family business owners who want to keep the business in the family can benefit from outside advice, both from experts and others who’ve been through the succession process.
 
Succession is often a difficult experience for family members, says Barbara Draper, director of the Center for Family Business at the University of New Hampshire. Many questions arise about what’s fair, what’s equal and who in the next generation is best qualified to continue the business.
 
“It’s complicated and it can be stressful,” Draper says.
 
To transition from one generation to the next ...