Report: Majority of family businesses lack succession plans

By Bill Fallon

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BlumShapiro and Baker Tilly International say nearly 80 percent of family-owned businesses are not prepared for what happens when current management steps down.

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About the author

Bill Fallon
Bill Fallon is editor of the Fairfield County Business Journal. He has worked at Westfair Communications for more than five years, previously editing an upstate New York daily and a national motorcycle magazine in Nevada. He attended Iona Prep in New Rochelle, N.Y., and the University of Virginia.

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