A Family Wired For Perpetual Dependence
When the sale of a family business is all about a founder becoming wealthy and their children losing their jobs, you can see why so few ever put themselves in play and sell. The CEO – the Chief Emotional Officer (Mom, and increasingly Dad) – just can’t stand to see the family pull itself apart.
Estate Brain Freeze: Why Saving Tax Is the Wrong Place to Start a Family Business Succession Plan
With summer approaching I know I’ll be back to consuming my favorite iced coffee beverages and despite knowing better, I’ll drink the odd one faster than I should, causing one of those excruciating brain freezes. Another kind of excruciating pain in the brain can come from a different kind of freeze – the estate freeze,
Why Banking on Old Succession Planning Advice is Toast
When banks weigh in on the subject of family business and succession planning it’s kind of like watching a football player teach dance moves to a ballerina. Business owners couldn’t find a more ill-suited source of information on a hugely important issue. Banks are big and careful and always quick to offer two-handed advice: “on
