You probably understand the importance of identifying, training and preparing the next generation to run the business. But what if a successor isn't an option? What if it makes more…
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Is succession the only hurdle your family business faces? While it's a critical issue, advisors know there's more to the story. This article explores three underlying challenges that can make…
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In the intricate ballet of family-run businesses, the dance of succession is one filled with complex emotions and high stakes. These businesses stand apart, as they must harmonize the delicate…
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Few can claim the surprise of declining a $975 million check. That's what Sue Ann Arnall did in January of 2015. During a turbulent and highly broadcasted divorce involving family…
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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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New Year's resolutions are not just for losing weight or cleaning out the garage. It might be obvious to set new profit or production goals but what about the often-over-looked…
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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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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…
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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…
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