Mind Your Own Business:

Family businesses are a quintessential element of
any economic society and need to be maintained
to ensure a successful economic environment. Family
businesses encounter similar problems to non-family
businesses during the growth and development stages
of the business. However, family businesses struggle
even more so than non-family business when making
the transition from one generation to the next. At
the centre of this book is an exploratory research
study that examines family businesses in Ireland and
their succession and taxation planning strategies.
The work centres on identifying and explaining the
problems of succession and the resistance to
succession planning. It proceeds to identify whether
family businesses are aware of the tax
implications that arise for family business members.
The analysis should help to shed some light on how
to plan for succession and what planning can be done
for taxes that arise on the death or retirement of
the founder. This book will be of assistance to
founders and successors of family businesses as the
book provides strategic directions for succession
and taxation planning.