family business the next generation 中文注释.docxVIP

Text 2: Family Business: the Next GenerationIntroductions: In Chinese, there is a saying that it is by no means easy for a clan集团 to remain its prosperity繁荣 over three generations. It is not common for a clan to remain保持 a very humble谦逊 situation over three generations either. As success of a family business seems to be checked by many factors. In different generations, all the background leading to success or failure would change. In terms of依据 the succession继承 to a family business, success is decided by many factors. The authors of this text have pointed out four factors. Do you agree with the authors? 1.America is in the midst之中 of one of the greatest wealth transfers财富转移 in the history of mankind. Over the next 20 years, an estimated预估 $15 trillion万亿 in assets资产 will be transferred from one generation to the next.2. Much of this wealth transfer will be in the form of family-owned businesses. But the viability生存能力 of many of these transfers is questionable. The fact is, most will fail. Typically, only one out of three1/3businesses is successfully transferred to the second generation. Survival of a family business into the third generation is a rare稀有的 occurrence发生、事件 . 3. Thousands of family businesses, some of the household names家喻户晓的名字, will disappear over the next decade. The sad part is that many of them could survive with proper适当的 planning. For many, however, it may already be too late. The proper time to start planning the succession of a family business is not one, not three, not even five years ahead. Indeed, a comprehensive综合的、广泛的 succession plan, which includes sophisticated复杂、精致estate planningstrategies财产规划战略, generally requires at least a 10-year horizon眼界to be properly structured.4. Whether large or small, high-tech or low, public or private , every family-owned business is different. But regardless of不管 how diverse不同的、多样的 they are, four key elements must be in place适当地 before a business can be successfully passed from one generation to another.5.P