Your family-owned business is growing and growing. In fact, you’re concerned it is outpacing the quality and rigor of your financial and accounting bookkeeping. At an industry event, a colleague asks if you have audited...more
Let’s assume you are selling the family business. In order to get the best terms and price, you may not be able to negotiate the full purchase price in cash up front. More likely, some portion of the purchase price will be...more
On Monday, June 30, 2014, the United States Supreme Court ruled that “closely-held” for-profit companies could be exempt from the Affordable Care Act (“ACA”) requirement to offer birth control coverage to their employees. As...more
A family business does not go public. Going public and sharing ownership with the rest of the world is the opposite of what a family business is striving to do.
But the Modesto Bee reported earlier this week that...more
Family business law is not a substantive specialty like mergers and acquisitions, securities laws, trusts and estates or federal tax. In fact, a good family business lawyer will probably identify first and foremost as a...more
As a family enterprise, your business runs best if it is owned and managed by the family. So it is in everyone’s interest to make sure no family member can transfer ownership outside of the family. To do this (and do it...more
Selling or transitioning a family business can be a daunting task – especially for those individuals trying to lead the process on behalf of their family. The challenges can result from the multiple owners and stake-holders...more