Insights
Should We Stay Together as a Family Enterprise or Separate?
How to Figure Out if Sharing Assets Still Makes Sense By Doug Baumoel Defining Family In the back of your mind you may be asking this question: Should we continue managing our wealth, business, or [...]
The Hidden Perils—and Potential— of Shared Family-Owned Real Estate
The Hidden Perils—and Potential— of Shared Family-Owned Real Estate By Paul Faxon and Blair Trippe Managing Unique Challenges for Future Success Real estate can be the driver of a wonderful family business, but it can [...]
It Isn’t Always Fighting: Family Business Conflict
Can you recognize family business conflict? Few people are eager to admit their family has conflict. Especially now that social media reminds us daily that our friends have perfectly harmonious families (!), it can feel [...]
Should You Sell Your Family Business?
To sell or not to sell the family business? The right answer is not the same for everyone– it is whatever works for you and your family. The decision of whether or not to sell [...]
Collaborative Law: Resolving Disputes, Without Burning Bridges
Litigation is especially risky in a family business with more than just business interests at stake. A Collaborative Law process can get you the help you need, without the delays, uncertainty, costs, publicity, limited remedies, and relationship damage that a court (or arbitration) proceeding usually entail.
How to Start a Difficult Conversation in Enterprising Families
Putting off that awkward conversation because you hate conflict? Many of us will go out of our way to avoid difficult conversations with loved ones, because we worry about making the situation worse. In reality, [...]
Harmonize Through Conflict in Family Business
“We don't get harmony when everybody sings the same note. Only notes that are different can harmonize. The same is true with people.” Steve Goodier All enterprising families experience conflict, and how to handle conflict [...]
Planning a Successful Career Path for Family Employees
Family Member Employment Strategies Family employees can be a double-edged sword for the family business. They often display profound commitment to the enterprise, but if their employment does not work out for one reason or [...]