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Wealth pp 37-46 | Cite as

Business Succession

  • Richard P. RojeckEmail author
Chapter

Abstract

It’s been said “Entrepreneurship is living a few years of your life like most people won’t so you can spend the rest of your life like most people can’t.” Risk-taking and acceptance of delayed gratification are hallmarks of the entrepreneurial mentality. Often, a closely-held business constitutes the lion’s share of the owner’s estate and planning for its continuation or ultimate disposition can take on significance even beyond its proportion of family wealth. After all, it is the manifestation of years, possibly generations of the inspiration, hard work, sacrifice, risk-taking, and even identity of the founder and perhaps family members following in his or her footsteps.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.La JollaUSA

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