Navigating the intricacies of a family business is akin to steering a ship through unpredictable waters. While we often associate transitions with major life events like graduations, marriages, and career…
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2020 found families and businesses under pressure, stress and in the middle of the COVID crisis. For many family businesses this called attention to the structural damage or holes that…
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Jared Kushner's path to the White House has been cleared by a Justice Department opinion allowing him to work alongside father-in-law President Donald Trump without violating federal anti-nepotism laws. While…
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Financial capital is essential for starting and maintaining a family business. But to keep it going over the long haul, the vital ingredient is intellectual capital. A family business leader…
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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…
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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…
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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…
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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…
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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…
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