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Chicago Capital is pleased to announce that Rick Fradin was featured in the Crain’s Chicago Business roundtable discussion “Succession Planning for Private Companies”.

For privately held companies, the current economic climate makes this one of the most opportune times in recent memory to transfer interests, according to Crain’s. In the roundtable, Crain’s Content Studio asked three experts for their insights on succession planning.

"The pandemic has brought a renewed focus to succession planning, especially for family business”, said Fradin. "The importance of succession planning cannot be overstated. Disagreements among owners or managers can have a devastating impact on companies and their owners. It’s important to establish a process for succession that addresses both governance and dispute resolution. In recent years, dynasty trusts and limited liability companies have become popular strategies for privately held businesses. We advise clients to keep their plans flexible because the business environment is increasingly competitive and rapidly changing”.

More Information: Crain’s Roundtable was produced by Crain’s Content Studio, which is sponsored content advertising material. Link to Crain’s full article here.

Fradin on Succession Planning - Crains 2
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