A no-nonsense guide to key family documents
When the Caladan family gathered for its biannual shareholder meeting, there were a number of significant topics to discuss. The most important was a clarification of some items in the buy-sell...
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Transformational Women of 2022
In a wide variety of industries like insurance, textiles, food and electronics, women are transforming family businesses. Family Business’s list of Transformational Women in Family Business provides a...
View Article5 Best Practices for Your Family Office
As the size of your family – and its net worth – grow over time, managing your family’s wealth can become increasingly complex. That’s particularly true for families that own a family business and have...
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Communicating to Your Children About Family Wealth
If families don’t talk about the origins of their wealth – and what it means – to their next generation, a golden opportunity to right-size expectations is missed. Communicating to your children about...
View ArticleSuccession is a journey, not a plan
Succession is not a simple choice or decision; it is a far broader task of envisioning the future and taking steps to realize this vision. It fulfills two essential tasks for sustaining the enterprise...
View ArticleMaking the world a better place
My grandfather liked to quip, “It is far easier to make money than to give it away.” I never appreciated the wisdom in that statement until dispersing funds became a significant part of my life....
View ArticlePreserving core values in a family with generational wealth
When it comes to managing intergenerational wealth, many families spend a lot of time focused on the logistics of moving sizeable assets from one generation to the next, using strategies such as...
View ArticleNavigating the Transfer of Ownership and Control
The process of transferring ownership and control of a family business is intricate and multifaceted. It requires thoughtful evaluation of the family’s financial interests, estate planning goals and...
View ArticleFamily business exit strategies: Perpetual Purpose Trusts, EOTs and ESOPs
A defining trait of a family business owner-manager is not only their vested interest in the financial gains of their company’s products or services, but also their emotional investment in employees,...
View ArticlePlanning for the transaction of your life
The exit of a founder or owner is one of the most consequential events in the lifecycle of any business. It deserves to be intentional and well planned. The process is deeply personal and often...
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