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Craft a strong buy-sell agreement to keep the business in the family

Published January 10, 2018 Bea Wolper | Advisers

It’s a dream for most families: build a successful business and eventually pass ownership of the company to the next generation and, hopefully, many generations after them.

But too many bus...

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NextGen fashions a website revamp

Published January 10, 2018 | Departments

By April Hall

Founded 120 years ago, Anthony’s is the oldest business in West Palm Beach, Fla. The retailer, now specializing in women’s apparel, owes its origins to advances in ...

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Celebration Corner: Galland Henning Nopak's 130th anniversary

Published January 10, 2018 Barbara Spector | Departments

The Business: Jakob Nunnemacher (1819-1876), a master butcher, emigrated from Switzerland to the United States in 1841 and arrived in Milwaukee in 1843. He opened a meat market and...

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At the Helm: Chris Flocchini

Published January 10, 2018 Patricia Olsen | Departments

Generation of family ownership: Third.

Company revenues: $115 million.

Number of employees: 130.

First job at this compa...

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Dueling Perspectives: How business, family leaders collaborate

Published January 10, 2018 Barbara Spector | Departments

Port Blakely, in its fifth generation of family ownership, grows and markets renewable forest products around the globe. The company, acquired by the Eddy family in 1903, is based in Seattle.

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Women & wealth: Be prepared!

Published January 10, 2018 Caro U. Rock | Departments

In the past few months, the subject of women and wealth has come up frequently in my conversations with friends and colleagues. This is a timely topic indeed. According to Diane Doolin of the Dooli...

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CSR, TBL and ESG

Published January 10, 2018 | Departments

By Barbara Spector

Management literature has developed a slew of three-letter acronyms to refer to considering societal benefits as part of the assessment of business results. There...

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Avoiding family philanthropy pitfalls

Published January 10, 2018 | Feature Article

By Alana Petraske

Philanthropy may keep family members en...

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A billion-dollar family business goes non-profit

Published January 10, 2018 | Feature Article

By April Hall

When J. Mark Baiada turned 70 in 2016, he had more to celebrate than just a big birthday. Bayada Home Health Care, the business he had founded in 1975, was generating m...

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Charity and challenges: The pros and cons of family foundations

Published January 10, 2018 |

By Hedda T. Schupak

Few would argue that vision and discipline are essential to make money in a family business. The same ingenuity is needed to donate money in a way that feels righ...

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Cascading force for good

Published January 10, 2018 | Feature Article

By Barbara Spector

In just one generation, Cascade Engineering has achieved considerable business success, while also striving to make a positive impact on society and the environmen...

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Good governance ensures smooth sailing at The Beach Company

Published January 10, 2018 | Feature Article

By Maureen Milford

During the credit crisis of the last decade, John C.L. Darby, like many real estate developers, had his share of sit-downs with jittery lenders.

But while ot...

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How to develop a diverse board and select the right chairman

Published November 17, 2017 | Advisers

By Jennifer Muntz and Andrew Keyt

Our natural tendency is to surround ourselves with people whose backgrounds, experiences and viewpoints are similar to ...

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Protecting your family enterprise from the scourge of 'transition shock'

Published November 17, 2017 | Advisers

By Otis Baskin

CNBC analyst Jim Cramer raised some eyebrows recently when he stated on his show, Mad Money, that Walmart was going toe-to-toe with Amazon; Walmart isn’t ge...

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Planning a family education program: Consider goals, logistics and content

Published November 17, 2017 | Advisers

By Anna Nichols

If you hope to maintain business ownership and wealth across multiple generations of your family, you’d be wise to develop a strong family education program. While ...

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Theme park puts Santa in spotlight

Published November 17, 2017 | Departments

By April Hall

At Santa’s Village in Jefferson, N.H., heart takes precedence over facial hair.

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Traditions reunite family, business

Published November 17, 2017 | Departments

By Michael D. DeVine

I have heard from several clients that they never really get a chance to talk with their father, but they do get to talk with the owner of the company (who happe...

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Celebration Corner: The Verdin Company's 175th anniversary

Published November 17, 2017 | Departments

By Barbara Spector

The Business: The Verdin family came to the United States from the Alsace region of France around 1830 and settled in Cincinnati. Two of the seven...

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