I own a business that I would like to see transferred into the next generation of my family. Will I have to surrender complete control in order to do this?

Q: I own a business that I would like to see transferred into the next generation of my family. Will I have to surrender complete control in order to do this?

A: Absolutely not. A business succession plan can allow the owner to release as much control or retain as much control as they are comfortable with. Typically control is not relinquished until the owner is retired and the successor is comfortable with the role in the business.