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Exiting Airplanes and Buildings…But Not Your Family BusinessExiting Airplanes and Buildings…But Not Your Family Business

- How to plan for a graceful exit from the family business on your terms — before it's too late

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Difficult Times – Difficult DecisionsDifficult Times – Difficult Decisions

- The critical balance between the business and the family in business-owning families is in constant flux. No recent era would attest to that more than our current economic situation.

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Business Owners Need to Consider Many Issues When Developing Plan to Protect Their Business Assets Upon Their DeathBusiness Owners Need to Consider Many Issues When Developing Plan to Protect Their Business Assets Upon Their Death

- As a business owner, most of your time is spent managing the business and the employees, especially in today’s tough economic times. Unfortunately, too many business owners don’t give enough thought to what will happen to their business if they die, and how the business can be passed on to their spouse, children or family in the most tax efficient and least costly manner.

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The Wise Use of Your Advisors - Counsel from the ExpertsThe Wise Use of Your Advisors - Counsel from the Experts

- Can you think of a time when your advisors were more important? Probably not! Certainly, no time has seen the kind of economic drama and trauma we have lately.

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A Family Business Icon Celebrates its 100th - Four Generations Built  Win Schuler’s into a TraditionA Family Business Icon Celebrates its 100th - Four Generations Built Win Schuler’s into a Tradition

- My parents used to marvel at the memory of Win Schuler. We made the stop in Marshall, Mich., every time we traveled the I-94 corridor and “the consummate host,” as Win Schuler became known, would greet us at the door and call us by our names.

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Not with a Whisper, but a Bang! - Family Firms are Top PerformersNot with a Whisper, but a Bang! - Family Firms are Top Performers

- Isn’t it amazing that when the term “family business” is used it conjures up images of mom and pop operations like the corner party store or dry cleaner? For those of us who work with family firms, we know that the images couldn’t be further from the truth.

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Patient Capital and Sweat Equity - Is This the Time to Make a Move?Patient Capital and Sweat Equity - Is This the Time to Make a Move?

- While most have heard of sweat equity, in case you haven’t – it is the hard work you put in theoretically beyond your compensation in hopes of a future reward. Sweat equity is the foundation on which many family firms are built.

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In or Out-of-Bounds - Managing Expectations in the Family BusinessIn or Out-of-Bounds - Managing Expectations in the Family Business

- How families who have family businesses can create workplace conflict by not setting proper boundaries.

 

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Even in the Family, True<br/> Retirement Requires a PlanEven in the Family, True<br/> Retirement Requires a Plan

- Careers may be marathon runs – but they do have a beginning and an end. That is unless your career is serving as the head of a family business.

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Shirt Sleeves to Shirt Sleeves in Three GenerationsShirt Sleeves to Shirt Sleeves in Three Generations

- Is there something in the universal human condition that says that a family-operated business tends to fail when the grandkids take over? Is it being accelerated in the digital age? Columnist Richard Segal explores the idea in Family Business.

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