January 09, 2013
Robert Spielman, Tax & Business Services Partner, Quoted in Long Island Business News Article "Succession Planning Necessary, Not Easy"
By Bernadette Starzee
The sooner a company plans for passing the reins, the better, as it will allow the owners more time to attract and groom the right candidate, said Robert Spielman, a partner in the tax and business services division in Marcum’s Melville office.
“The company can get the right person on the team, and this individual can have the time to learn what the company does and gain experience working with the other members of the family or the management team,” he said. “If a principal waits too long, he may become too old or too sick to pass on his knowledge appropriately to his children or third parties.”
Click here to read the full article on www.LIBN.com >>