“As baby boomers reach retirement age, many are turning over the keys to their businesses. Some will hand them to a family member or a key employee, while others will seek an outside sale. Whatever the route, succession planning can be complicated at best and financially disastrous at worst. Four thought leaders recently got together to discuss the strategies to make the transition as seamless as possible. At the table were Jeff Bird from Lane Powell, Linette Dobbins of McGee Wealth Management, Sherri Noxel from Oregon State University’s Austin Family Business Program, and Michael Lortz from Geffen Mesher. Maureen McGrain for the Portland Business Journal moderated the discussion.”

 

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