Jack Layton's Death Forces Families and Small Businesses to Think
Filed under: Budgeting & Planning, Family Finances, Insurance
Jack Layton has died. Where will the NDP go from here?The next six to 12 months will determine how good a job the late party leader did at succession planning.
Follow Huffington Post Canada's Ottawa bureau chief Althia Raj for live Layton updates.
The NDP aren't alone. Many family-owned businesses and other small and medium-sized enterprises (SMEs) are also grappling with succession plans as baby boomers start to retire en masse and in some cases, pass away. But business groups and advisors say most family-owned firms are not ready for leadership change – because they have not planned sufficiently.
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