Weigh The Issues of the Family Business
Each family-owned company has its own personality, its own set of values, its own goals for success. Family-oriented issues of intergenerational transitions, ownership, strong personalities and trust must work hand-in-hand with the family business issues of finance, strategic planning, marketing, operations, laws and regulations. As the family grows to second, third and fourth generations, these issues become more and more challenging.
'My business has been in the family for three generations. But as the family grows, siblings and cousins find it harder to share control and agree on critical issues. 'What will help these future leaders work together for long-term business success?'
'My children have matured and so has the family business. My daughter is now president, but I'm not sure what to do about ownership. Should she answer to her brothers and sisters even if they are not all in the business?'
'How should we structure our board of directors? How can I do what's fair and right and best - for the business, the family and each of our children?'
For questions or additional information call us at 770-421-0110 or 1-888-421-0110 to speak with a member of our firm.
Strengthen Your Business
Strengthen Your Family