You are the principal shareholder of the family business and receive a call on Thursday morning from your chief financial officer.  A similar call was made to your banker.  There is no cash for tomorrow’s payroll.  Even though you have been a long time customer of the bank, it refuses to lend any more money...

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 Failure to address unresolved intra-family conflicts will affect performance of the family business. Likewise, crises within the business exacerbate intra-family disputes. Conflict in family business is heightened during times of economic challenge and transition. Typically, when a family company fails, external forces are not the main cause. Estate planning preferences, tax policy, lack of adequate...

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Research about the survival rates of family businesses is extensive.  Historic data indicate that fewer than 35% of the businesses pass to the second generation; fewer than  10% pass to the third generation.  Very few survive into later generations as financial and talent requirements dilute the hold of the blood line.  These statistics highlight the...

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