Items Tagged with 'Family Business'


Succession planning: the first step to transferring ownership

October 2, 2015
It is no secret the odds are stacked against closely held business owners when it comes to successfully transitioning their businesses from one generation to the next. Read More

Successful transition planning: the future of a family business

August 28, 2015
According to the Family Firm Institute, only 30 percent of family businesses survive into the second generation, and by the third generation, only 12 percent remain viable. Read More

Understanding a family’s impact on business value

July 24, 2015
Nearly all family businesses are created with the intention that the business will grow and be successful, generating value for its owners, employees and community, well beyond the lifespan of its founders. Read More

Best practices for separating business and personal finances

June 19, 2015
In family-owned businesses, the line dividing your business and your personal life is already blurred. Read More

The missing piece: the family wealth counselor

April 10, 2015
Family business is one of life’s most exciting, challenging and rewarding endeavors. Read More

Raising kids amidst family business success

January 30, 2015
The next generation of family business owners is required to be many things. They are expected to be smart — even smarter than their talented entrepreneurial parents. Read More

How can family businesses retain key outsiders?

December 26, 2014
The ability to attract and retain talented employees is key to the long-term success of any business. Read More

Tax changes affect family business, but there’s still time to plan

November 21, 2014
For most of us (or perhaps all of us), writing checks to the IRS does not make our Top Ten list of things we look forward to. Read More

Exit strategies for a family business owner

September 12, 2014
The manager of a family business who is considering retirement often has four goals: paying as little in taxes as possible, keeping the business in the family, treating heirs fairly, and ensuring competent successor management. Read More

Capital gain rules benefit family businesses and investors

August 23, 2013
Once known as “Furniture City” and now “Beer City USA,” Grand Rapids has long been a home to innovation and entrepreneurs. Read More