A new study from Family Process shows that passing down a family business is an emotional process, and key factors need to be in place in order for the transition to prove successful.

By Perry, Phillip M "Lack of sufficient planning is the major contributor to the failure of family businesses." When you retire, will your business prosper under your children's management? Maybe not.

By Caroline Fossi, The Post and Courier, Charleston, S.C. May 3--Family members often lean on each other for support. But when a family is in business together, those involved often aren't sure where to seek professional assistance.