complicated valuations done for planning purposes can be very affordable.
Some fam
il
y business
ow
ners value the business every year as part of their
strategic plann
in
g process. Others use the valuation as a means for det
er
mining per-
f
orma
nce-based compensation for key executives (phantom stock) rather than
choosing to dilute the ownership of the stock 10 a non-fam
il
y key exec
ut
ive.
3_
Funding
is
often
a
hidden
or
non-recognised cost
of
succession
planning
.
It
is
important to understand ...
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