NEWS
Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Wed Apr 1, 2015 06:38 AM CDT

While I often write about succession planning and the continuation of the family enterprise, in this column I would like to address the issue of how to deal with ending a business partnership with family members. Many reasons drive relatives to split up. They may have divergent goals for the future, be frustrated over their roles in the business, have differing expectations of one another's behavior, find themselves in continual disagreement over financial issues, or be unable to move beyond past conflicts.

There are also times in one partner's life when substance abuse, financial problems or personal crises like a ...

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