- December 24, 2021
- Posted by: Stratford Team
- Category: Business
Southfield, Mich., Dec. 23, 2021 (GLOBE NEWSWIRE) — The holidays can be a magical time marked with new beginnings. Under the warm glow of twinkling lights, amid celebrations of a New Year, it’s no wonder it’s engagement season! But before you dive into wedding plans, it’s important to make sure plans are in place to protect the family business.
“Changes in relationships — whether marriage or divorce — can cause serious business complications unless you’re prepared”. Andrea Badalucco from Foster Swift says early planning with key trusted advisors can help avoid potential disputes and set the company for success.
“It’s more than just writing a prenup, although that is a great start.” says Andrea. “You’ll want to look at the business holistically. I recommend looking at the big picture with a team of advisors, generating a plan that protects the business and its assets.”
The key to successful business and succession…
