Ethical Issues Can Play a Part in Family Business Succession Plans

A small-business owner seeks insight on how to reconcile ethical issues in the law business with the religious beliefs of his planned successors, who are also his sons.

Two executives, a father and a son, look over some paperwork together.
(Image credit: Getty Images)

The HBO comedy-drama Succession has been a powerful impetus for family-owned businesses across America to get them to consider who will take over upon the death or retirement of the owner. That issue is the basis of today’s story, which began with an email from “Robin” about how ethical issues in the law business could affect his company’s succession plans.

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H. Dennis Beaver, Esq.
Attorney at Law, Author of "You and the Law"

After attending Loyola University School of Law, H. Dennis Beaver joined California's Kern County District Attorney's Office, where he established a Consumer Fraud section. He is in the general practice of law and writes a syndicated newspaper column, "You and the Law." Through his column he offers readers in need of down-to-earth advice his help free of charge. "I know it sounds corny, but I just love to be able to use my education and experience to help, simply to help. When a reader contacts me, it is a gift."