Keeping the Family Business

According to the Service Corps of Retired Executives (SCORE), there are 28.8 million small businesses in the United States. Family businesses make up 19% of that total. Roughly 60% of U.S. employees work for a family-owned business. These statistics do not reveal the painful decisions a family may face over the fate of their company. Unfortunately, families often must decide whether keeping the family business is in Read More

Selling the Family Business

After a long stint serving as the leader of the family business, you may decide it’s time to sell. It may be an emotional time, or just business as usual. Still, selling a business brings forth many considerations and questions. Making the Decision. Consider how the business is owned. Is there one owner (mom or dad, for example) or is the business held by a family trust? Does anyone else need to be a part of the Read More