Procrastination – to put off INTENTIONALLY the doing of something that should be done. We’re all guilty of this form of avoidance behavior, often giving in to feeling good now by delaying the task to do later. Family business owners often procrastinate when it comes to planning their estate, but doing so can be a […]
Bea’s Blog: Procrastination and the 3-C’s Read More »
When you hear the words “succession planning”, what comes to mind? In most family-owned businesses, succession planning primarily focuses on developing the next generation of leaders, but what if there was more to it? Finding that next generation leader is a challenge and makes succession planning an essential exercise in the survivability of the business
Succession Planning: Not Just About the Next Generation of Leaders Read More »
We touched on wealth transfer at our last monthly meeting and now we’re going to take a closer look. Join Meredith Sugar of Taft/ Law on April 14th as she covers: Real Estate Transfers Insurance needs, including key employee Philanthropy Equity for family members who don’t work in the company Trusts and more… This one-hour,
A Closer Look: Wealth Transfer Read More »
5 Essential Questions in Life and How They Relate to Family Business by Bea Wolper, Emens & Wolper Law Firm The Women in Family Business Peer Group at the Conway Center for Family Business discussed the ‘5 Essential Questions in Life’ delivered by Dean James Ryan as part of his commencement speech given at the
5 Essential Questions in Life and How They Relate to Family Business Read More »
Keeping You Informed by Edwin Morrow, J.D., LL. M., Director, Wealth Transfer Planning and Tax Strategies, Key Private Bank On August 4, 2016, the IRS and the Treasury Department released proposed regulations that would change the law on how interests in businesses are valued for estate and gift tax purposes. It will affect both active businesses as well
Time to Plan for Those With Potential Taxable Estates Read More »
From time to time, we’ll post Bea Wolper’s “A-Z Keys to Family Business Success” followed by a question from one of our members on the topic – here’s E: E- Equal. When dealing with family businesses – especially when some family members work in the business and others don’t – “Fair is not always equal, and equal
Family Keys Alphabet – E Read More »
By Conway Center Service Provider Joel Guth, CEO, Founder Gryphon Financial Partners Every business owner is going to exit at some point. That is a fact. However, this can be an intricate, multifaceted task. For the past twenty years, we have advised our business owner clients and prospects to start with the same 3 questions.
Succession Planning – Where to Start? Read More »
The Conway Center’s former Director, Becky Blatt, facilitated an educational program: “Managing Family Business Relationships: Siblings, In-Laws, and Spouses, Oh My!” She ended with this poem, which resonated with many of our members. Family Business by Nadir Godrej, Managing Director of Godrej Industries Nadir Godrej, is the leader of a highly successful family business and also a
A Family Business Poem Read More »
Succession planning is a complex process. It is not always easy and sometimes the plan involves key non-family members. As you will read below, it also can include selling the family business when there is no family willing or able to take the lead. Reflections and New Horizons by Conway Center member Ellen Grinsfelder of the
Selling the family business Read More »
Based on a discussion from the July 2014 Women’s Peer Group, facilitated by Bea Wolper, Conway Center Co-Founder and Service Provider – Emens & Wolper Law Firm. Many of us are aware of the term “Helicopter Parents (HPs).” These HPS are defined by Wikipedia as parents who pay “extremely close attention to their children’s experiences
Helicopter Founders Read More »
