Article Library



Utz merges into the public market

Published January 4, 2021 Maureen Milford | Feature Article

It seemed as if wedding bells were about to ring.The love story circulating in 2015 was that the famed, folksy investor Warren Buffett was discussing a possible union with family-owned snack food comp...


Four paths to building a great business family

Published January 4, 2021 Dennis T. Jaffe | Feature Article

It’s common knowledge that only a handful of business families continue beyond the third generation as a family with a shared enterprise. How can younger families prepare to join that exclusive club...


HBO's 'Succession' isn't just great TV

Published January 4, 2021 Brad Bulkley | Feature Article

Scene: In a gilded townhome several floors above New York’s Fifth Avenue, a family toasts its patriarch’s 80th birthday. Rather than bask in the warmth of his family’s love and respect, the patr...


A culture of continuity is the key to family business longevity

Published January 4, 2021 Josh Baron | Advisers

Family businesses can represent both the best and worst form of capitalism. We’ve seen families build and nurture businesses that invest in the long term, in their communities and in working and gro...


Build a family 'social contract' that will strengthen succession

Published January 4, 2021 Debbie Bing | Advisers

Walking into Newbury Corp.’s headquarters for the first time, we were taken aback by the three-story-high painting of the founder that dominated the entry atrium. We had been invited by the current ...


Aligning management compensation and shareholder earnings

Published January 4, 2021 Bertha Masuda | Advisers

The boards of family businesses must find the proper balance between compensation for the management team working in the business and earnings for the family shareholders who own the business. It is l...


A transition with a twist

Published January 4, 2021 Barbara Spector | Departments

When I first joined Family Business in the summer of 2000, I thought the main issues facing family companies were avoiding family arguments in the workplace, ensuring that NextGens earn their stripes,...


Be mindful about mental health

Published January 4, 2021 Bill Rock | Departments

Many family businesses focus on creating long-term value and place significant importance on supporting multiple stakeholders, including their employees. For these family business leaders and owners, ...


January/February 2021 Family Matters

Published January 4, 2021 | Departments

Wesley Fehsenfeld has been named president and CEO of The Uhlmann Company, based in Kansas City, Mo.The Uhlmann Company, formerly known as the Standard Milling Co., owns flour brands Hecker’s and Ce...


Dueling Perspectives: Taking charge as a successor

Published January 4, 2021 Barbara Spector | Departments

Pamela Kan and Laura Markstein are presidents of family businesses in male-dominated industries. Both of their companies are based in the East Bay region of California’s San Francisco Bay area.Kan i...


At the Helm: Crystal Morris

Published January 4, 2021 Patricia Olsen | Departments

Generation of family ownership: Second.Revenue: $50 million to $60 million.Number of employees: More than 120.First job at this company: My dad and I started the guitar case business in 2000. Previous...


Celebration Corner: Elkay's 100th anniversary

Published January 4, 2021 Scott Chase | Departments

The Business: Known globally for its signature products — residential and commercial bottle fillers, drinking fountains, stainless-steel sinks, faucets and kitchenware — Elkay Manufacturing Compan...


Business is blooming

Published January 4, 2021 Hedda Schupak | Departments

Small independent retailers have enough challenges without adding “pandemic” or “civil unrest” to their list. But Lee’s Flower and Card Shop, a third-generation institution on U Street in Wa...


Five New Year’s resolutions for family businesses in 2021

Published December 14, 2020 Eric Czepyha |

The tumultuous events of 2020 have had a profound impact on family businesses across the country. With many companies furloughing staff, applying for government loans and instituting remote work arran...


Laird Norton acquisition helps secure family’s long-term mission

Published December 14, 2020 |

In early December 2020, the Laird Norton family took a major step to secure its long-term mission to serve multiple generations of families by acquiring Filament, a Seattle-based wealth management fir...


Black Friday Sales in the Capital Markets

Published December 10, 2020 Erich M. Hickey |

Everyone enjoys the satisfaction of getting a good deal or taking advantage of a sale. At this time of year, we are bombarded with messages about retailers offering deep discounts. My filtering proces...


Succession Planning: Passing on Wealth and Planning for Continued Prosperity

Published December 10, 2020 |

By BDO USA LLPSuccession Planning as a Component of Family GovernanceA succession plan prepares heirs to transition successfully and preserve, grow and pass wealth from generation to generation. Other...


Positive psychology can help family firms in tough times

Published December 6, 2020 Scott E. Friedman |

Adding to the well-known challenges that families in business together have always faced are the hardships created by the COVID -19 pandemic. Only time will tell how long these obstacles will remain i...


Are your family business ownership documents in order?

Published November 23, 2020 Richard Spore |

Members of a family business may be tempted to adopt ownership documents (such as shareholder, partnership and LLC agreements) that are less robust than would be the case if the owners were unrelated....


Why your family business needs a disruptive successor

Published November 17, 2020 Jonathan Goldhill |

Your plan to pass your business on to the next generation may be derailed if:• You don't have a future leader with vision.• You haven't made changes to your business model and have been impacted b...