The Successful Family Business
Description:... IS YOUR FAMILY BUSINESS A BLESSING OR A CURSE? YouAEve heard the horror storiesufamily-owned businesses torn apart by infighting, many of them unable to survive beyond the first generation of leadership. oNot in my family, o youAEve said, right? Wrong. Before yours becomes one of the seven-in-ten family-owned businesses that fail every year in the U.S., read this book! YouAEll discover that although conflict is inevitable, a sound plan for dealing with it can keep your familyAEs business healthy and growing for generations to come.
In The Successful Family Business, author, attorney, and well-known consultant Scott E. Friedman examines a host of problems that frequently plague family-owned businesses and shows you how to harmonize family feelings and business issues with the following sound advice:
Establish a family council
Design a dispute-resolution process
Manage a conflict-free transition of leadership control
Put agreements in writing
Conduct a family business oaudito that will help all members see clearly the direction in which the business is moving.
Plus, Friedman clearly explains how to minimize or even eliminate estate taxes, transfer assets or reduce taxes while managing the transition of control, and plan for the long-term success of your family-owned venture.
The Successful Family Business promises to be your definitive guide to minimizing conflict, maximizing peace and understanding, and improving the decision-making process within your familyuand within your business!
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