Face-to-face meetings between the members of a family business is one of the most effective tools for improving communication, building cohesion, sharing values, creating traditions and, ultimately, increasing the chances…
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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…
The history of accounting starts when the history of business begins. Keeping track of money paid and received was probably the task for which writing itself was originally invented. That…
Have you ever heard someone say I EARNED a second chance? Or I MADE a second chance? What about I CREATED a second chance? No, not really. Generally, we say…
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…
The race for the next U.S. president is on! And even if you’re not politically minded, you’ve noticed that one candidate is particularly good at getting press coverage. Yes, family…
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…