succession planning Archives - Page 2 of 3 - Conway Center for Family Business

Succession Planning: Not Just About the Next Generation of Leaders

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 …

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5 Essential Questions in Life and How They Relate to Family Business

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 …

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Time to Plan for Those With Potential Taxable Estates

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 …

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A Family Business Poem

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 …

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Helicopter Founders

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 …

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Advantages of Using Life Insurance in Business Succession Planning

By Conway Center Service Provider Kelley King of SG Financial Services, LLC You have lived and died with the family business. Well, the “died” part may be an exaggeration. Nonetheless, you have poured your life into the business and nurtured it to be what it is today. The questions are: What do you want it …

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