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Posts Tagged ‘family-owned business’

Ten Wealth Preservation Strategies

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Estate and tax planning — it’s a subject many people like to avoid. That’s often because they think that estate planning is about two topics they’d rather not focus on: death and taxes. For some people, estate and tax planning is about something even more ominous: death, taxes and math. There is, however, another way to look at estate and tax planning. Beyond the details it’s about doing something that […]

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Active and Less Involved Children in a Family-Owned Business

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One of the recurring issues that comes up for family-owned businesses is what to do if some of the children are actively involved in running the business while others are not. Most commonly this scenario arises when the owners or founders of the company want to treat all of their children equally despite their differing levels of involvement in the day-to-day running of the company. This can lead to serious […]

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