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Business, general

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Two "laws" for family businesses

Article Abstract:

People in family businesses will interpret situations based on their positions in the firm, and the company's continuity plan, strategic plan and the owners' financial-security and retirement plans are dependent on one another.

Author: Ward, John L., Aronoff, Craig E.
Publisher: U.S. Chamber of Commerce
Publication Name: Nation's Business
Subject: Business, general
ISSN: 0028-047X
Year: 1993
Management

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Paying the family: common problems

Article Abstract:

Several factors such as confusion about roles and concerns about tax savings complicate how members are compensated in family businesses. Advice for compensating family members fairly is provided.

Author: Ward, John L., Aronoff, Craig E.
Publisher: U.S. Chamber of Commerce
Publication Name: Nation's Business
Subject: Business, general
ISSN: 0028-047X
Year: 1993
Methods, Compensation and benefits, Compensation management

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Subjects list: Column, Family-owned business enterprises, Family-owned businesses
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