Do you have children who are millennials/GenX, Y or Z? What are their beliefs? Millenials for example are those born between 1981 and 1996 who today would be 24 to 40 years of age. They represent a significant demographic group, and by 2025, they will become 75 per cent of the global work force. This […]
Read MoreWhat is goodwill of your business? It is an intangible asset, hard to quantify and certainly can be challenging to define and convey to others. It is the reason that customers keep returning or the dependability of the firm’s reputation that suppliers keep supplying and extending credit to your company. It could be your USP […]
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Ah tax time – are we all having fun with less than 2 weeks to the April 30 deadline? Some are having a few surprises with the various government payments that were made during this pandemic and are now facing an unexpected tax bill. So let’s think about strategies for 2021 that may help to […]
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Cerulli, an advisory firm to the high net worth families, tallied an estimate that showed $ 68 trillion (yes 12 zeros) will pass down from one generation to the next over the next 25 years in the US. This is significant. How will this wealth be divided within and between the heirs and what will […]
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One conundrum facing many family businesses, is to determine, if and how much to support non-core business investments with cash from the business. Often this issue arises in the 2nd generation of a business when the children, may not want to actively participate in the actual business. Many parents indulge their children and will support […]
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