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Best Practices for Successful Family Businesses

Best Practices for Successful Family Businesses

Every business owner faces internal struggles, but family-owned companies encounter some unique challenges, as they must balance business interests with their family relationships. Successful family businesses find that healthy balance by following these specific best practices....

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Did You or Your Business Partner Breach a Fiduciary Duty?

Did You or Your Business Partner Breach a Fiduciary Duty?

The law regards certain relationships in business as ‘special’ because they involve a heightened level of trust or reliance of one party on another. These are known as ‘fiduciary’ relationships and include those between attorneys and clients, business partners, employees and employers,...

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Does Your Family Business Need a Legal Checkup?

Does Your Family Business Need a Legal Checkup?

There are 5.5 million family businesses in the US and they generate 64% of our Gross Domestic Product (GDP). While many of these businesses find success and continue on for generations, others do not make it to the second generation. In many instances, family businesses struggle because...

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Does Your Family Business Have a Succession Plan?

Does Your Family Business Have a Succession Plan?

If you are a co-owner of a family business, it is important to consider what will happen to the company if something happens to you. If you do not have a succession plan, then your heirs and/or co-owners could face significant financial and legal problems which could irreparably damage...

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