RSS feed- Taxpayers Beware: Expanded Gift Tax Exemption Expires This Year and Could Affect Family Business Owners…And, Choose Your Executor WiselyFred Marx and Nancy Dempze, partners with Hemenway & Barnes, were featured on an April 6, 2012, segment of MYOB (Mind Your Own Business): The Radio Show. They explained two issues important to anyone planning their estate, especially business owners. … Continue reading → […]
- When Failure Is Not an Option: Mergers & Acquisition Basics for the Family Business, Part 1In a popular business broadcast, Fred Marx, a partner with Hemenway & Barnes, recently explained the basics of corporate mergers and acquisitions from a family-business perspective. In the first of a multi-part interview, Mr. Marx was featured in a March 27, … Continue reading → […]
- How to Balance Head and Heart During End-of-the-Year Holiday GivingHoliday preparation has reached a fever pitch in many households. Gifts have been purchased, wrapping has begun and menus have been planned. Yet, like many of us, I still have a list of charitable gift solicitations awaiting my attention. The … Continue reading → […]
- Act Cautiously to Avoid Family Business DisputesWhether your family business is organized as a general partnership, a limited partnership or corporation, family owners of a closely held company owe each other a fiduciary duty of care and loyalty. Under Massachusetts law, a closely held company is … Continue reading → […]
- Family Enterprise: Setting Up a Retirement PlanIf you are thinking about setting up a retirement plan for your family business or family enterprise, the IRS has a free webinar online which covers easy, low cost ways to start a small business retirement plan. http://www.visualwebcaster.com/IRS/76865/event.html Marcia M. … Continue reading → […]
- Taxpayers Beware: Expanded Gift Tax Exemption Expires This Year and Could Affect Family Business Owners…And, Choose Your Executor Wisely
Sustainability
A blog about sustainability of the multigenerational family. Sustaining family wealth and
prosperity, unity and legacy, family enterprise and family office, philanthropy, and family lands.
Now more than ever, meeting the challenges of sustainable family prosperity and unity requires great thought,
care and planning. Our hope is that this blog will inspire creative thinking, underscore significant issues, offer
perspective, encourage communication and embolden you to take action toward sustaining your family’s legacy.
Category Archives: Family Office
Family Enterprise: The Family Group
The Family Group or Family Enterprise is a new concept—it is an umbrella structure for families, including family businesses — that supports multiple ventures. Most are familiar with the statistic that only 30% of family businesses survive to the third … Continue reading
Posted in Family Office, Family Wealth
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A Conversation Begins
Over time, all families grow and change. As new generations come of age, it becomes increasingly challenging to foster core values and achieve a unified sense of legacy. Questions might arise, for example, about how best to use a family’s … Continue reading