Category Archives: Family Business

Business Succession Planning: Lessons Learned from the Lack of a Plan

A recent post in the New York Times’ “You’re The Boss” column reflected on lessons learned from difficult company successions that were made that way because there was no plan in place to follow. Susan Parker owns Bari Jay, a … Continue reading

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The 4 Fatal Legal Mistakes Family Businesses Can Avoid With Planning

Anyone involved in a family business knows that working with family has its pleasures and its pitfalls –incurring these legal pitfalls can prove deadly to your family business, so here’s how to fix them: 1.  Mixing family & business finances.  … Continue reading

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Business Entity Estate Planning

When people think of estate planning, the first ideas that typically come to mind are of wills, trusts, powers of attorney, and guardianship arrangements.  Traditionally, those instruments have been closely associated with estate planning simply because they are legal tools … Continue reading

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The Family Business: Avoid These 4 Lethal Legal Mistakes

If you operate a family-owned business, or are considering starting one up, there are four potentially lethal legal mistakes you should take care to avoid, including: No employment agreements.  Family members who work together are usually hesitant to confront one … Continue reading

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