Case study: dealing with poor performance

Article Abstract:

A couple who run a swimming-pool construction firm have a problem with poor job performance from their oldest daughter, whom they hoped would inherit the business. Performance feedback turns into mother-daughter fights. A clearly defined job description and performance standards are needed.

Psychological aspects, Performance standards, Job performance standards

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Keeping assets in the family

Article Abstract:

Creating a family limited partnership is a way that parents can keep control of assets while transferring them to their children. The use of a limited partnership reduces the gift tax by reducing the value of the assets.

Small business, Limited partnership, Limited partnerships

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Estate planning during expansion

Article Abstract:

Owners of family businesses should plan for their financial security in retirement and determine how the ownership of business will be transferred to their children. Two approaches to estate planning are provided.

Case studies

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