Types of Family Business Owners
There are many attitudes towards ownership. The following 8 types describe what we have found are common among family business owners. How would you describe yourself?
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Buy-Sell Agreements: An Often Misplaced Document
“Misplaced” is often a substitute in business owner lexicon for “I have not reviewed my Buy-Sell Agreement since it was written”. Where is it? Is it buried in your Operating Agreement for your LLC, or is it in a file in a drawer not opened in years?
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Your Buy-Sell Agreement: An Asset or a Liability?
A Buy-Sell Agreement documents the terms and conditions for a sale of business interests under given triggering events.
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Selection of a Trustee: A Search for Wisdom
In 30+ years of our practice, we’ve seen clients struggle with selection of a trustee. Do they select individuals or corporate trustees?
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Four Areas of Knowledge for Owners
We look at key areas of knowledge for effective business ownership, including financial analysis, industry trends, personal financial planning, and the distinct roles and responsibilities of owners versus management, emphasizing both practical and psychological aspects of wealth.
