by webmaster | Aug 21, 2021 | Portfolio Magazine
In a previous article we discussed how in the “Perez” family had never discussed the patriarch’s Estate Plan, how the business was left to his wife and four children which eventually ended up in a legal battle for control of the business. Four years after the...
by webmaster | Aug 21, 2021 | Portfolio Magazine
At a recent board meeting of the Juan Perez Mall Pizza Franchise an amazing event happened. The two sons who had been running the business successfully for years all of a sudden found themselves looking for a job. Their Mother and two sisters had voted to strictly...
by webmaster | Aug 20, 2021 | Portfolio Magazine
Family Businesses are beautiful but complex organisms. Those of us who work with our family members know something about this. As advisors for family companies we often see deep alienation between family shareholders and managers. What usually begins innocently and...
by webmaster | Aug 20, 2021 | Portfolio Magazine
A Generational Values Question for Families in Business. At a recent Family Council Meeting the question arose as to what to do with the family fortune. The question raised quite a commotion. The first generation (three brothers each in their 70’s) quickly and...
by webmaster | Aug 20, 2021 | Portfolio Magazine
What matters the most in a family company? Is it financial indicators such as return on investment, profit, sales and capacity growth? Is it harmonious family relations? Does the business contribute to the well-being of the family perhaps not only financially but...
