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How to Protect a Family Business

A well-crafted succession plan will bolster the company and head off feuds

In September 2009, the Velvet Ice Cream Co. of Utica, Ohio, rang in its fourth generation of family leadership. Luconda Dager, great-granddaughter of the immigrant who in 1914 founded the firm in a confectionery store's basement, took over as president. … Back to Article

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