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The question of succession, while planning for retirement


Published on March 22, 2010
OBJ Contributor

For the past three decades, Mr. Black (64 years old) and Mrs. Black (62) have operated retail stores. Their two sons, Peter (38), and Paul (35) currently manage the business. When the youngest son graduated from university, the business expanded to two locations, with each son in charge of a single location.

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