Financial Planner

Category - Retirement Savings and Income Planning

What percentage of family businesses successfully transition from the first generation of ownership to the second generation?
  1. 20%
  2. 30%
  3. 50%
  4. 70%
Explanation
Answer: B - The estimate is that 70% of family businesses do not successfully transition from the first generation of ownership to the second generation of ownership, meaning that 30% do not survive.
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