We wrote previously about things you need to consider when someone “marries” into the family business. Many of the same considerations apply when you are thinking about bringing one of your children into the business fold. Here are three areas to consider. It is essential that you define entry criteria well before the discussion about […]
With each installment of our Video Blog Friday’s Series, Paul Karofsky reflects on influential lessons learned from his career working with family businesses. Each Friday, we will provide a new story with a unique topic – so stay tuned! We hope you enjoy the 15th where as Alan starts his estate and succession planning, his […]
With all of the consolidation in fields like manufacturing, wholesale distribution, and even the funeral home space, what does a family-owned business need to do to remain family-owned and privately controlled? We suggest you begin by setting aside some time to seriously reflect on the trends in your industry. What is it that the “big […]
With each installment of our Video Blog Friday’s Series, Paul Karofsky reflects on influential lessons learned from his career working with family businesses. Each Friday, we will provide a new story with a unique topic – so stay tuned! We hope you enjoy the 14th feature in our series, When the heir apparent may not […]