Michael Louie | Succession Today

A poem of reflection, a perspective

Posted by Michael Louie | Nov 13, 2022 | Family Legacy

This lovely poem was written by Mario de Andrade (San Paolo 1893-1945) Poet, novelist, essayist and musicologist. He was

one of the founders of Brazilian modernism.

Your other assets that have value – my weekly perspective

Posted by Michael Louie | Oct 30, 2022 | Family Legacy

Having had some family members recently pass, I have found that the truly valuable non-monetary assets are either not easy to find or not readily available when your loved one has passed. These assets are “PRICELESS”.

Governance, how decisions are made in the family enterprise – my weekly perspective

Posted by Michael Louie | Jul 24, 2022 | Succession Planning

Governance, how decisions are made in the family enterprise Setting a governance policy for your family enterprise, that is clear, perceived as fair and most importantly communicated will go a long ways to helping your enterprise make effective and supported decisions. The communication piece around the decision making methodology (write it down) to all stakeholders […]

Communication and how to open the conversation – my weekly perspective

Posted by Michael Louie | Jun 12, 2022 | Family Legacy, Succession Planning

How can you open the conversation around succession and your future retirement from the business with 1. your spouse 2. your family members 3. your employees Let’s first focus on your spouse and family. First your family should be part of the journey to this time of the development of your business. They have provided […]

Dividend policies and expectations – my weekly perspective

Posted by Michael Louie | May 29, 2022 | Family Business, Family Business Succession Planning Guides and comments, Tax Planning

How does your company determine its dividend policy for its owners? Or as many companies do, the decisions on dividends are often made on an ad hoc basis. As a company becomes more mature with a regularity of earnings, planning for dividends both to set and meet shareholders’ expectations is part of a succession plan’s communication strategy.