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Champions of the river
The Delaware River is the longest undammed river east of the Mississippi. From its headwaters in New York, it flows 419 miles into Delaware Bay, bounded by New Jersey and Delaware. About 5% of the U.S...
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2020 Private Boards of the Year award winners announced
Six private company boards will be honored for their business governance excellence at the upcoming 2020 Private Company Governance Summit on September 15-17, 2020, live online.The boards of these com...
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Consider family investors as a source of minority equity capital
As a result of the market dislocation brought on by the COVID-19 pandemic, many private family-owned businesses find themselves in a precarious situation with budgets stressed and a seemingly never-en...
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Sharing your family business profits fairly
The allocation of profits from a business among its owners typically reflects their overall contributions to the business, including contributions of both human and financial capital. However, in a fa...
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The Smith Family Gathering in the age of COVID
As did many families, we reimagined our annual event this year. Instead of Camp Smith at The Osthoff Resort in Elkhart Lake, Wis. (the original plan), we created Camp Smith @HOME. An hour after the sh...
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Ensuring Your Trust Is Exactly as You Plan It — Through Generations
A trust can serve as one of the most powerful and enduring instruments of your legacy. Whether providing a financial safety-net for your family or supporting the philanthropic causes that matter...
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Resolving the rising generation paradox
Every generation has its defining moments, particularly for the youth who are coming of age. For the Silent Generation, it was the Great Depression and World War II. For Baby Boomers, it was the civil...
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Yields are near 0%. Why should I own bonds?
Since 1981, when the 10-year U.S. Treasury yield peaked at over 15%, investors have enjoyed the benefit of holding Treasury bonds in their portfolios. Longer-maturity Treasuries have been the perfect ...
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Family-owned retail chain stays strong during pandemic
Robert Matthews (Matt) Beall III’s promotion to CEO of Beall’s Inc., a retailer based in Bradenton, Fla., was announced in December 2019. Just three months later, the COVID-19 pandemic struck the ...
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Planning opportunities for these unprecedented times
This year, as the COVID-19 pandemic has upended our lives, our attention is focused on the wellbeing of our families and loved ones. Because their futures are our top priority, there may be no better ...
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Flush with success
The memes came first.In late February, Juan Corzo III started seeing social media memes about how consumers were stocking up on toilet [[{"fid":"12583","view_mode":"default","fields":{"format":"defaul...
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Ohio Art Company
Ohio Art has reinvented itself several times in the 112 years of the company’s existence.Henry Winzeler, who founded the Bryan, Ohio, company in 1908, started out making metal picture frames and [[{...
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Kemin Industries
When the Nelson Family Foundation decided to give $50,000 to the Food Bank of Iowa to help address a spike in need because of COVID-19, the plan was put into action quickly.“I think we initially had...
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J.W. Lopes
Jeff and Elyssa Kotzen’s hot yoga class on Friday, March 13 was not a zen experience.Jeff, the fourth-generation vice president of J.W. Lopes, a wholesale produce and dairy distributor in Chelsea, M...
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Sessler Environmental Services
When COVID-19 began to spread through the United States, the Sessler family saw an opportunity for one of their businesses.Sessler Environmental Services (SES) of Rochester, N.Y., provides environment...
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Values guide business families during COVID-19
The COVID-19 pandemic has forced business families to make decisions with sweeping ramifications. Steps taken to ensure business survival have had to be balanced with precautions to avoid health risks...
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Lacerta Group answers the call for face masks
Pivoting to make a new product quickly has always been a hallmark of Lacerta Group Inc., a family-owned plastic packaging manufacturer based in Mansfield, Mass.But never has the company shifted gears ...
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NextGens to Watch 2020
Whether they aspire to work in the family company or take a leading role in governance, NextGen members of business families often struggle to find their niche. In addition to acquiring the experience...
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Succession planning is the key to family enterprise resilience
When a family business fails, most people suspect that estate taxes or incompetent advisers led to its demise, but that’s rarely the case. Even before the estate tax exemption increased at the end o...
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Adding independent directors takes your board to a new level
Soon after a family business recruits the first independent directors to its board, the business owners commonly marvel, “I am impressed that such remarkable and accomplished people would join our b...
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