While for some children it is their fervent drive to outdo their parents that hinders their success, others face the opposite problem of diminished self-confidence. Outsiders often dismiss the rank…
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“It is like a magic sword: it gives the holder rare powers, but only the mightiest of warriors can keep from being nicked themselves by the blade.” – John Sedgwick,…
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Given the fascination – and headlines – devoted to family shenanigans at companies like Adelphia, Imclone, and Martha Stewart Inc., it is no wonder that myths of family business continue…
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Over the next 20 years, nearly $4.8 trillion of wealth is set to be transferred to the next generation of heirs. Much of that wealth will consist of the assets…
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A popular national business magazine recently reported that "the late Richard Simplot's 24% voting stake in Boise's J.R. Simplot Co., started by billionaire dad J.R. Simplot, is worth only $54,450…
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When selling a family business, one of the single greatest expenses will be taxes. That's why careful planning is so important. Now, because of a new law that quietly took…
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When pop musician David Bowie issued $55 million of ten-year bonds secured by royalties from his first 25 albums, institutional investors snapped them up immediately. Moody's Investor Services gave the…
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In addition, private closely-held companies have enjoyed a period of sustained prosperity since the 1980s. A generally favorable economy, combined with declining interest rates, has enabled hundreds of thousands of…
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It's derisively called the death tax, the vulture tax, the survivor's tax, the exit tax, or the departure tax. But the federal estate tax is no laughing matter. For many…
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