Family Business Structure

How Your Family Business Can Benefit from an Advisory Board

March 15, 2023

Learn how an advisory board can benefit your business as well as tips for building an advisory board in your company.View

Is the Next Generation Ready to Take Over Your Family Business?

January 9, 2023

Both family and non-family owned businesses are facing the inevitable reality that their next generation employees will be taking on more leadership responsibilities. But as the next generation begins to take over, the big question is, how ready are they?View

2022 Family Business Survey Preview – How Are Companies Faring in This Challenging Environment?

September 20, 2022

We recently completed our 2022 survey in a time when the impact of the pandemic on businesses has seemingly begun to diminish and new challenges have come into play. Covid headlines have now largely been replaced with topics such as labor participation rates and inflation. So through all of this, where do family businesses stand?View

It’s Personal: What I Learned About Being an Advisor From My Family’s Business

July 18, 2022

There are crucial questions every family business owner should be able to answer when it comes to the relationship with their advisors.View

3 Tips to Avoid Conflict Over Distributions in a Family Business

June 13, 2022

Family businesses are unique in that their employees (i.e., family members) usually know a lot more about each other’s personal business than in most other organizations. Many family businesses have shareholders who work…View

The Use of Equity Incentive Plans in a Family-Owned Business

April 11, 2022

This summary highlights the main features and uses of stock/equity plans, phantom stock plans, and financial metric plans.View

What the Show Succession Can Teach Family Businesses

February 28, 2022

Here are three lessons we can glean from Succession’s dysfunctional Roy family to make sure your family business doesn’t fall into the same traps.View

Family Business Conundrum: What to Do With Children Who Are Not Involved in the Business

December 14, 2021

The issue of how to best treat the children in a family business has been a common theme in many of the family business transitions I've recently worked on.View

3 Barriers of Family Succession Planning

October 25, 2021

Here are three common barriers I have seen when working through a family succession plan.View

3 Tax Planning Considerations for Your Family Business

September 2, 2021

Here are three key tax planning considerations for family businesses to investigate.View