In the business law and business litigation case of Fitness Essentials, LLC v. Nil, PICS Case No. 15-0898 (Pa. Super. June 2, 2015) the Honorable Anne E. Lazarus, writing on behalf of the Pennsylvania Superior Court, ruled that a... Continue Reading
Family owned businesses present tremendous opportunity for financial advisors. It's estimated that between 80-90% of businesses in the U.S. are owned or controlled by families. About a third of them are Fortune 500 companies.... Continue Reading
One of the most common leadership development questions that I hear from executives is, “Why does succession planning feel like such a waste of time?” I do a lot of work on executive coaching and succession with my good... Continue Reading
In an earlier article I discussed how most companies go about the business succession planning at the top all wrong. Here I describe how to do it right. It’s mainly a matter of developing a disciplined methodology that results... Continue Reading
There’s a saying that sums up the precarious nature of family businesses: “Shirt sleeves to shirt sleeves in three generations.” In fact, financial advisers estimate that 65 percent of family businesses fail in the first... Continue Reading