Family Business Succession

Family members may have shareholder rights, but should they work in the family business based on relation not merit? Some children feel employment is their right. Some
Duration : 0:3:14

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A lot of business owners don’t want to think about the problems a family meeting can raise. An owner still needs to share how he wants his
Duration : 0:2:28

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Comment: You have done articles on Key Person Insurance and Business Succession Planning. I am a country accountant and I can tell you that farming succession planning is the hardest. The issue of my client's family farm Succession is a sensitive one. Succession of the family farm means that dad is either dead or incapacitated. [...]

Conflict can happen at all levels of a family-run business. In any work place there are areas for conflict to grow and the best way to handle it is by facilitating a discussion. Les Banwart has helped many family businesses deal with the challenges of transitioning to the next generation. Les digs into the benefits [...]