In a previous article, I addressed the importance of creating the right kind of corporate governance for your family. The failure to do so can affect the succession of leadership for multiple generations. When done right, your corporate governance is a guide, a map for how to lead your business based on the practices and […]
It depends. One of the particularly tough topics to broach in any family business is family employment: Should you hire that aunt, uncle, or cousin just because they are family? If you don’t have clear parameters in place defining the terms under which family members can be hired, you might find yourself in a very […]