A Block Off the Old Chipâ€¦
- HOW TO PLAN FOR SUCCESSION. // Commercial Carrier Journal;Jan2015, Vol. 172 Issue 1, p44
An excerpt from the "How to Plan for Succession," a manual produced by the Commercial Carrier University (CCU), is presented which focuses on succession management of a family-owned business.
- Dividing Family Businesses Fairly. PANNELL, JEFF // Seattle Business;Dec2015, Vol. 26 Issue 12, p10
The article presents information on options regarding non pro rata ownership in family businesses such as current business operations, real estate, and potential future businesses.
- A Tough Act to Follow. Stein, Helene; Brier, Marcia // Financial Planning;Feb2002, Vol. 32 Issue 2, p79
Gives advice for financial planners with regard to the challenge posed by overachieving family business owners and their underachieving children. Scenarios that indicate the presence of overachieving parents and underachieving children; Techniques to ensure financial success in the event of a...
- When biz reins aren't forthcoming…. Fedchenko, Vera // Tire Business;8/19/2002, Vol. 20 Issue 10, p18
Focuses on the experience of businessman Thomas J. Auger from the business inherited from the father in Lewiston, Maine. Realization on the challenges in managing a business; Learning from the business started by the father of Auger; Commitment to continue the business of the family.
- One bad apple. Ridilla, Paul // Plumbing & Mechanical;Mar96, Vol. 13 Issue 1, p16
Offers guidelines on the qualities to consider when choosing the right heir or heirs to run a construction business. Drug or alcohol abuse; Acceptance of responsibility; Cost consciousness; Personality; Common sense; Lack of ambition.
- Succession in Family Businesses: Kinship Culture and Islamic Law of Inheritance. Afghan, Nasir // IBA Business Review;2011, Vol. 6 Issue 2, p106
The article presents a case study on the family business succession process within the culture of Pakistani. It states that the influence of kinship cultural norms such as Shareeqah causes the division of the business during the succession phase. It adds that the access of kinship-based family...
- All in the family. Manzel, Kevin E. // American Nurseryman;10/01/97, Vol. 186 Issue 7, p28
Reports that large number of family-owned businesses will be changing ownerships, according to the `Arthur Andersen/ Mass Mutual American Family Business Survey 1997.' Significance of strategic business plans; Examples of estate transfers; Methods to limit tax liability for the business;...
- Keeping It in the Family. Bareither, Karl R. // Bank Investment Consultant;Jan2006, Vol. 14 Issue 1, p36
The article reports on the problem that entrepreneurs and family-owned businesses face when it comes to next generation leadership in the U.S. Family business succession fail because owners fail to plan. They see planning as a long process and web-like series which would be time-consuming. The...
- Leaving your business to your heirs--a transition plan. Nurdin, Mark G. // Fort Worth Business Press;6/13/2003, Vol. 16 Issue 24, p19
Focuses on planning for the transfer of a family-owned business to its heirs. Importance of obtaining legal and tax advice for the wealth transfer; Significance of establishing the value of the business; Liquidity of the business.