Family Business Succession Plan

5 Common Family Business Succession Plan Mistakes (And How to Avoid Them)

Creating a family business succession plan is complex, blending financial, legal, and deeply personal family dynamics. Even with the best intentions, many families fall into predictable traps that can derail the transition and cause lasting conflict. Recognizing these pitfalls is the first step toward avoiding them. At Alternative Law Mediation, we’ve seen how these challenges can impact a family. Here are five …

Siblings in business

Can Mediation Help When Siblings Disagree About the Family Business?

Why do siblings clash in business? Family businesses often mix the past, competition, control, personal history with the future and professional decisions. That’s a recipe for conflict. You may have different work styles, expectations, or opinions on how the business should run—or who should run it. Common sibling conflicts include: How does mediation help resolve these disputes? Does it actually …