#AGLEGACY #FarmSuccession #EstatePlanning
IT IS COMMON for families to look to the eldest son to take over; there might be times when that individual is either unable, uninterested, or is actually a poor choice . . .
It can be easy to fall into the trap of keeping things casual when assigning roles and responsibilities within a family business. This can lead to tasks not completed or, more often, just one or two people doing everything. If management is that important, then the process for selecting the right manager is one of the most important steps in forming, or passing on, a family business, and should not be taken lightly. It can determine the future success in preserving the family’s Ag Legacy, as well as the direction the business will take. The same is true for other leadership positions within the business. . .
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