Having a family vacation is a rare opportunity and luxury with our full lives. Where we go or what we do does not matter as much. What matters are the benefits of a vacation, which include: – 24/7 quality time together – time for reflection away from the workplace – shared experiences, including meals, sitting […]
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Not all family businesses are destined to remain within the family. This is an unfortunate reality and the stats prove this fact out. Only about 50% of family businesses remain within the family after the second generation and about 15% stay with the family after the third generation. Sobering statistics. Depending on the size of […]
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We were all brought up uniquely with different values. This becomes apparent especially when money and wealth are involved. And this can become apparent in a relationship. One of the leading reasons for separation and divorce is over money, often because in some families, it is a taboo subject, not to be discussed. Misunderstandings can […]
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Have you heard of minority shareholder rights? These are the rights enshrined in company law and have been tested in the courts. What are they? In simple terms, whether or not a person owns or does not own voting shares, that shareholder has rights whereby the majority may not make decisions that would be prejudicial […]
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What do you do when one of the second generation is not compatible with the rest of his/her siblings? This can pose a problem when that child is serving in a responsible role within the business or if that child is a shareholder. Let’s discuss each of these scenarios. In a business, diverse opinions can […]
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