Two ways to introduce new shareholders into your company as part of your succession plan: 1. sell them some of your shares 2. freeze your shares and then let the new shareholders subscribe for shares for a nominal value. An estate freeze is more fully described in the blog post below. Estate freeze and introducing […]
Read More
Succession is a journey that is a positive thing. Remember, you are taking active steps for an orderly transition of your business to the next generation. The majority of private businesses today have not begun to take these steps, for many reasons, lack of time, lack of interest and focus on short term goals. Succession […]
Read More
Affluenza in some worlds is running rampant. What is affluenza? It is sadly a malady where as one person described in the baseball context, “someone woke up on third base and concluded that they were a great hitter”. Perhaps, this is a symptom of the well documented statistic of the increasing concentration of wealth in […]
Read More
I wanted to relay a story to you of a family that did not have a succession plan. Sad, really. The business was a thriving consumer goods business, run by the founder and owner (generation 1) for about 25 years. It earned her and her family a good living. Unfortunately, she was the heart of […]
Read More
Family employment in a family business can be rewarding and part of best practices to further the succession plan for your business. However, it also can have a darker side where sibling/cousin rivalries can emerge, entitlement issues arise and leadership issues become apparent. Often these potential issues can be headed off with one thing, communication: […]
Read More
Recent Comments