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 sense to sell the business?
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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…
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…
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 were hidden inside the organization, leadership or family.
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…
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…
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…
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…