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Questions on Buy-Sell?

I’ve often said a properly drafted and adequately funded buy-sell agreement may be the best legal document in an owner’s filing cabinet. A buy-sell agreement may help by: Preventing unwanted persons from becoming owners.   Ensuring continuity of ownership through a number of triggering events.   Providing a ready market for closely held business interests.…

Success as a Family Business

Dr. Jaffe, of Wise Counsel Research, uses the term ‘Generative Family’ to describe those families who have weathered the storms and navigated the challenges to mark multiple generations of continuous ownership. He posits, though most operations commonly follow the “shirtsleeves to shirtsleeves” doctrine, there are a few that represent what is possible when a family…