Baker Tilly International in co-operation with Baker Tilly Pitcher Partners and Swinburne University has taken a closer look to both the sociological and economic implications for the family business succession process. A part of this research was a global succession survey of collective thoughts from 2,650 business owners across 55 countries. Clients of Baker Tilly in the US and other member firms in North American make up 36 percent of the respondents.
The US version of the global succession report, Succession Reset: Family Business Succession in the 21st Century, indicates that four out of five business in the United States are not succession-ready.
Download this report: Succession Reset: Family Business Succession in the 21st Century >
For more information on this topic, or to learn how Baker Tilly tax specialists can help, contact our team.
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