The data is in! See what family owned businesses are saying about today’s challenges and opportunities.
Family enterprises form the backbone of global commerce and community wealth. In the United States alone, they account for nearly two-thirds of employment and an estimated 60% of GDP. Yet despite their outsized role in wealth creation and social impact, family owned businesses remain uniquely vulnerable.
The statistics tell a sobering story: only 30% survive to the second generation, 12% to the third, and a mere 3% to the fourth. These figures do not reflect weak products or poor leadership. They reveal hidden risks that, if left unaddressed, can threaten both the business and the family behind it.
What makes these risks particularly dangerous is their invisibility. Families often focus on growth and operations while neglecting structural vulnerabilities of a more interpersonal nature. Informal governance feels sufficient until conflict arises. Succession appears straightforward until a health crisis exposes the absence of a plan. Wealth concentration appears efficient until a market shock destabilizes both the company and the family’s balance sheet. Estate and tax planning are postponed until death or incapacity forces hurried decisions. And interpersonal tensions, often masked by politeness, can quietly erode trust until they erupt into disputes that fracture families and enterprises alike.
Sections include:
I. Governance Gaps: When Informality Becomes Liability
II. Succession Blind Spots: Assuming the Next Generation is Ready
III. Concentration Risk: “All Our Wealth is in the Business”
IV. Estate & Tax Planning Landmines
V. Interpersonal Dynamics & Silent Stakeholders
Read the full whitepaper. Click here now.
About Bank OZK
Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations in over 260 offices in nine states including Arkansas, Georgia, Florida, North Carolina, Texas, Tennessee, New York, California and Mississippi and had $41.6 billion in total assets as of September 30, 2025. For more information, visit ozk.com.
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The need for fact-based reporting of issues important to family offices and successful families and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful families are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to family offices and successful families, while continuing to strengthen our presence on Capitol Hill.
Policy and Taxation Group is the Voice for Family Offices and Successful Individuals in Washington, DC focused exclusively on the critical tax and economic policies that impact them.
Since 1995, Policy and Taxation Group has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income tax and capital gains taxes, the creation of a wealth tax, and other hostile tax policies that punish hardworking taxpayers and success.
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