Family Business & Succession Planning

Mediation may be answer to resolve conflicts
Mediation increasingly is becoming part of the legal landscape. Court systems, some more than others, use mediation to reduce docket load and make breakthroughs in deadlocked cases. Parties on their own increasingly use mediation to resolve divorce, business, employment, contract and other conflicts. Mediation, unlike litigation, has the potential not only to resolve disputes but to address underlying issues that create conflict. (7/14/2010)

Avoid court: Stay on speaking terms
The newspapers are full of unfortunate stories about family business owners battling each other in court. They fight for a variety of reasons: inheriting the business, profit sharing or even a reserved parking space. How can family business owners stay out of court and stay on speaking terms? (7/5/2010)

Inheritor Syndrome: Could it hurt your business?
You work hard to build your family business, looking forward to the day when your children will reap the rewards. But when a substantial portion of the ownership or assets of a family business is transferred to one or more offspring, it can cause a phenomenon known as Inheritor Syndrome. (6/21/2010)

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