Family-Owned and Closely-held private companies ...
are an integral part of our nation’s economy, accounting for over 50% of U.S. GDP and generating over 60% of U.S. employment. Family-Owned and closely-held private companies also have unique issues to address, one of which is succession. In the next decade, an estimated 30% of family-owned businesses will experience a change in leadership due to retirement creating the largest intergenerational transfer of wealth in U.S. history.
