This book should be a must read for owners and managers of any closely held company who want to minimize the significant risks associated with transitions among owners, managers, and family. A long-time client of mine has implemented many of the concepts presented by Cary and Larry. It is not an exaggeration to state that their approach has been life changing for the owners and nonfamily management of this highly successful manufacturing firm over the last five years. Among other things, the founder/owner/president/CEO/board chair evolved from [relying on] a strong board of advisors to an even stronger board of directors, hired a non-owner president, and is genuinely and comfortably pulling away from the business and recognizing the board as a true balance point between the business and the owners.