…When equal may not be fair

So, You’re in the Family Business… by Paul Karofsky Mom (upon leaving their attorney’s office): This estate planning is driving me crazy! I know we’re trying to reduce taxes but it’s important to me that we treat all the children fairly. How else can we do that without giving each one an equal interest in […]

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…When equal may not be fair

So, You’re in the Family Business… by Paul Karofsky Mom (upon leaving their attorney’s office): This estate planning is driving me crazy! I know we’re trying to reduce taxes but it’s important to me that we treat all the children fairly. How else can we do that without giving each one an equal interest in […]

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…When a raise is not enough

So, You’re in the Family Business…by Paul Karofsky Andrew (son): Dad, I’ve wanted to talk with you for a while about this, but, uh, it’s not that easy. I’ve been working really hard, putting in long hours, and have been here almost a year, and a lot of others in the company are earning more […]

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…When it’s time to plan to plan

So, You’re in the Family Business…?by Paul  Karofsky Ben (father): You kids are going to analyze the future to death. I say, “You see an opportunity, you go for it.” I don’t have to check with a hundred other people. Fred (son): But, Dad, it’s more complex today. We’ve got to look at the numbers, […]

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…Begin at the beginning

So, You’re in the Family Business… by Paul Karofsky Father: Rick, I thought this project was going to be completed yesterday. Son: Well, Dad, I tried to, but there were just so many things going on. Father: I understand there are lots of things going on, but you’ve got to get this done. Son: I’m […]

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