Family Business/Succession

Buy-sell agreement calms succession woes
Do you and other key members of your family business have an agreement describing what happens in the event of your death, disability or withdrawal from the business? If you don’t, develop one. If you do, keep it current. (3/1/2010)

IRS to eye businesses for tax compliance
In each of the next three years, 2,000 business taxpayers will be randomly selected by the IRS for comprehensive examinations to collect data on employment tax filers. The IRS says the results will allow it to gauge more accurately the extent to which businesses properly comply with employment tax law and related reporting requirements. (2/15/2010)

How to groom new managers for success
You have just completed an exhausting executive search for the perfect candidate for that vacant managerial position. You found the right person. Your offer was accepted. Now you can rest, confident that your new manager will make you proud. Wrong! (2/2/2010)