Whole Network Most Recent TOP10 Customer Service Human Resources Startup Taxes

 

How Mom and Dad Distribute Their Business Estate Makes a Difference

Filed in archive Business Succession by Greg Balanko-Dickson on January 18, 2007

How Mom and Dad Distribute Their Business Estate Makes a Difference
Family squabbles about money is not new. What is new is the amount of money being left by parents to their adult kids.
Family money is viewed as a special kind of money and takes on many symbolic meanings beyond its actual cash value... money is so tangled up with love and our feelings... "But since family money is becoming increasingly important in our lives and relationships, it's time we faced up to it," Millman says. "Being explicit about money doesn't have to corrupt our relationships. It can enhance them." Via The collision of family and money
For business owners, how you split up your business when one of your children wants to run the business and others don't makes what was a simple decision much more complex.

How do parents offset the value a siblinglinks gets when inheriting the business to their other children?

There is no simple and easy answer, they key is to understand your options, discuss your plans with your kids, and put it all in writing.






Permalink: How Mom and Dad Distribute Their Business Estate Makes a Difference
Tags: Family  Succession  Planning  Business  Estate  Difference  business  small+business 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/50058



Advertisement


Advertisement


RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter

Use our search feature to look for other interesting posts

Just this blog Whole network


 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give Luis a call at +1 (650) 331 8047.


  • Other blogs in the same channel in the Creative Weblogging Network







 
Tagcloud: Business Banking Business Blogging Business Loans and Financing Business Succession Buying a Business Canadian Business Resources Canadian Small Biz Resources Customer Service Doing Business In USA Economic Outlook Energy Issues Entrepreneurship Government Human Resources Intellectual Property Internet Marketing Management Marketing Noteworthy Oil Field Industry Outsourcing Personal Development Remembrance Sales Sponsored Posts Startup Success Stories Succession Planning Taxes Technology Training