Family Business Articles
Read the latest family business articles from David Bork and the entire Family Business Matters team addressing Family Business Constitutions, Corporate Governance in Family Business, properly constructed Family Business Advisory Boards and more.
Dispute Resolution in Family Business
There are calculated risks in life, and in family business there are many risks. Disagreement among family business owners is one example. A requirement for how to handle family business dispute resolution should be included in the family business Shareholder Agreement. The Agreement should be clear and provide binding dispute resolution procedures.
A Mother’s Letter to Her Sons
Family business stories are an excellent resource and can provide insight into the values of elder business owners. Business owners oftentimes memorialize their family business stories in a letter addressed to future generations. Before writing a letter, elders are encouraged to reflect on their values and think about the advice they want to share with future family business leaders.