During 2012 many family business owners feared that the current estate tax laws would change in a negative fashion. So, they rushed to create succession plans and paid estate planning advisors a lot of money only to find out that the tax laws did not change. Now, many are trying to manage their business through… Read more »

Encouraging your family to focus on the business You must offer training and support to family members and provide a forum for airing their concerns. Conflicts between family members and business managers are legendary in the family business world. Research by Russ Alan Prince of market research and consulting firm Prince & Associates indicates that… Read more »