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The Myths and Realities of Family Businesses are Worth Noting (and Celebrating)

Let’s start by defining a family business. The classic definition is a business where a single-family lineage has ownership control, is active in management and involves multiple generations. But some of those boundaries have become blurred. What about blended families? How about publicly traded companies? Would siblings who used “family money” for startup capital fit? […]

People solving a problem

Proper Planning is More Than Asset Allocation

Here’s the thing…good planning avoids conflict. But, good planning is much more than asset allocation. Advisors implore their clients to plan for the future. They often use disturbing techniques like horror stories of deplorable outcomes due to a lack of planning. Usually the disturbing track is about a loss of money either to the tax […]

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JohnsonDale600

Global Gourmet Chocolatiers Drive Expansion of Detroit Dried Milk Supplier

A prime ingredient in expensive milk chocolate is something called roller-dried milk powder. While the label on the chocolaty confection may sound European, the roller-dried milk powder that contributes to the deliciousness inside should read Made in Detroit. Family-owned VernDale Products is the only company in the country that supplies the leading gourmet chocolatiers with a key ingredient that helps create their distinctive flavors. Thanks to a growing consumer demand for luxury chocolate, VernDale is adding a second plant in Detroit.