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Corporate Governance Family Businesses

Gray Reed

Breaking Up Is Not Always Hard To Do—Consider A Tax-Free Corporate Division

Gray Reed on

Disagreements happen.  In the corporate context, one or more shareholders may share a different vision for the company than the other shareholders.  Or, there may be acrimony amongst the shareholders for other reasons, as can...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board Podcast | CEO Succession Planning on a Clear Day

Succession planning for senior management should be an annual process, managed by the board. Our panel discusses best practices, including how to develop multiple and next-level candidates, how to keep internal candidates...more

Miller & Martin PLLC

Practical Advice for Family Business Succession

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Combining family issues with business considerations is enough to stress even the most thoughtful and successful business owner. The good news is that there are ways to reduce the stress in family business succession. The...more

Mandelbaum Barrett PC

Navigating Q4 as a Family-Owned Business

Mandelbaum Barrett PC on

As Q4 is in full swing and as 2023 begins to draw to a close, family-owned businesses find themselves at a crucial juncture, reflecting on the year gone by and strategically planning for the future....more

Bennett Jones LLP

Why Family Enterprises Need to Develop an Ownership Strategy

Bennett Jones LLP on

Developing an ownership strategy within a family enterprise has many dimensions. Formal strategies provide structure, help overcome challenges and address complications that can arise when future generations take over....more

Bennett Jones LLP

Boundaries, not Barriers, in Family Enterprises

Bennett Jones LLP on

In every family enterprise there are three key elements—the business, the family and the owners. These can be viewed as separate circles to help understand the different kinds of relationships in an enterprise and how they...more

Nutter McClennen & Fish LLP

The Corporate Transparency Act Webinar Recap

Watch the full recording. What Is the CTA? The CTA (31 USC § 5336; 31 CFR 1010) is intended to strengthen the federal government’s anti-money laundering efforts by requiring many business entities to report information...more

Robins Kaplan LLP

Chambers V. Gold Medal Bakery: an Illustration of Privilege in Shareholder Suits

Robins Kaplan LLP on

When working well, a closely held corporation can be the model of corporate governance—a shared vision, a united board, and intimate trust between officers and shareholders. However, over multiple generations the growth of...more

Davis Wright Tremaine LLP

Converting Your Family Business Entity: Why Convert?

Contrary to popular belief, the legal structure of your business is not permanent and can change to meet the needs of your evolving family business. Your family business's legal structure plays a role in determining your tax...more

Fox Rothschild LLP

Divorce Litigation “Outside the Box”

Fox Rothschild LLP on

One of the many frustrations of practicing family law is that there is rarely, if ever, a decisive victory. Divorce is about doing “equity” and that rarely means a result where the Court finds that one side “wins” and the...more

Katten Muchin Rosenman LLP

5 Questions You Should Be Asking About Succession Planning for Your Family Office

Succession planning for family offices is often a difficult process. It is emotional. It takes longer than it should. But succession planning that is deliberate, collaborative, and strategic can offer so much opportunity....more

Goulston & Storrs PC

Five Keys to Creating a Successful Family Entity

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Starting a family entity can bring family members closer as they build a new level of meaningful interactions together. Along the way, the venture may create wealth and opportunities, fulfill philanthropic goals, and create a...more

Lathrop GPM

Transferring Your Family or Closely Held Business: Part 1

Lathrop GPM on

Transition planning to a family member or other “insider” requires time and forethought to successfully handle both the financial and operational considerations of a family or closely held business. Transitioning ownership...more

Latham & Watkins LLP

All in the Family – Corporate Governance Lessons for Family-Owned Italian Companies

Latham & Watkins LLP on

A look at how privately held and publicly listed Italian companies controlled by families are innovating in corporate governance. Key Points - ..Italy hosts a number of dynamic family-controlled companies (FCCs) that...more

Davis Wright Tremaine LLP

Is a Flat (or Flatter) Business Structure Right for Your Family Businesses?

The start of the new year continues to bring changes to the business landscape. Although organizational structures have long been an important consideration for managers, the flat organizational structure has emerged as a...more

Davis Wright Tremaine LLP

The Wrong Ways to Strengthen Corporate Culture

According to a study released by the research and advisory firm Gartner,1 there has been a recent prioritization of corporate culture. ...more

Davis Wright Tremaine LLP

A Family Business Purpose Beyond Profits

"Each of our stakeholders is essential. We commit to deliver value to all of them, for the future success of our companies, our communities and our country." This is a statement taken from the Business Roundtable’s August 19,...more

Davis Wright Tremaine LLP

The Family Business Challenge: Sharpen Your Cultural Competitive Edge

"Successful family businesses tend to have the family's values and culture deeply embedded into their business strategies, policies and practices…. How well the business performs can be directly tied to how well the...more

Davis Wright Tremaine LLP

Hiring Family Members: How to Get It Right

Hiring family members is one of the many benefits of running a family business. However, the precise timing of when your business decides to hire family-members, as well as their role in the company, is critical to running a...more

Davis Wright Tremaine LLP

Legacy Series Event Held March 27, 2019

On March 27, 2019, Davis Wright Tremaine and partners the Pacific Family Business Institute and Cascadia Capital, held a lunch in Yakima, Washington as part of their Family Business Legacy Series. ...more

Davis Wright Tremaine LLP

How to Lead a Family Business When You Aren’t Family

In the modern-day realm of family business, it is increasingly common for leadership positions to be filled by individuals who are not family. Like most leadership positions, the benefits of the job make an offer hard to turn...more

Farrell Fritz, P.C.

Business Divorce Epilogues

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Over the years I’ve blogged about hundreds of court decisions in business divorce cases. Believe it or not, one of the things I like to do is track the cases I’ve written about...more

Davis Wright Tremaine LLP

Running a Successful, Drama-Free Family Business

Family businesses, like any other business, are often created when a family least expects it. Womaze, a self-empowerment app with a mission to “democratize wisdom, reminding women of their infinite worth and potential,” was...more

Davis Wright Tremaine LLP

The Venn Diagram That Revolutionized Theories on Family Businesses Design

The three-circle family business model was introduced in 1978 by Renato Tagiuri and John Davis at Harvard Business School. The model represents three categories of individuals within a family business and the seven interest...more

Davis Wright Tremaine LLP

Introducing DWT’s Guide to Governance

Businesses and the families that own them are each “governed” by a structure and set of rules. Often, that structure is informal and the rules unwritten, vague and inconsistently applied. This creates a virtual breeding...more

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