It is a truism that the one who has the gold makes the rules. But when it comes to many businesses, the one who has the super-voting shares makes the…
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When family business succession works, it is never due entirely to the older generation — G1 — or the next generation — G2. In every case, it works because both…
Generation Two or G2 is shorthand for the next round of business leaders coming up through the family. It may actually be the third, fourth or later generation but in…
From the outside, succession looks like an adequately complex problem. The family firm needs to hand off from one generation to the next, without negatively impacting the firm, while ensuring…
Many family business leaders never question whether to have a board of directors. If the business is set up as a corporation, most of the time it is legally required…
Ask any family business advisors to identify the top three family business challenges and odds are good the reply will come instantly: Succession, succession and succession. Next will come a…
No family business is an island. Every family firm requires outside assistance from time to time, even if it is nothing more than help preparing a tax return or selecting…
Can you believe that January is almost behind us? That means February and Valentine’s Day are just around the corner! Unlike Christmas or Thanksgiving, however, we don’t know much about…
The Powerball lottery, as of today, is sitting comfortably at $1.5 billion. Whoa! And if your office is anything like ours, your co-workers are already discussing how they’re going to…
Thanksgiving is here! Not only do you get to work side-by-side with your family members, now you get to break bread with them this Thanksgiving! What a blessing! Or is…