You have been hired to help Lee  in developing his business in the future. Write a memo to Lee answering the below questions  and help give him constructive advice on the continuing future of Tico Manufacturing.  The memo should be typed and maximum length of 2 pages.  Remember to look at the Exhibits in the case.

1. Describe why management succession so important in a family run firm  and  what are the options that Lee has in the family succession.

2.  What are some of the pitfalls that face  Tico as a family run business.

3. What problems might face the company if one  Lee suddenly dies.

4. Do you think that Tico has the right ownership form of business?

5. Put yourself in the role of the consultant to Lee.   Discuss what advice you would give Lee in helping Tico  continue as a family business.  Identify what if anything  should Lee do differently