Whether 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
If 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.
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he beloved beach house or a family camp is often the repository of a family’s collective identity. The memories and traditions these places engender are good things that exist outside of the clapboards, docks, and fireplaces. And for the family’s well being they may be far more important, in the long run, than the tangible things. Owners contemplating the transfer of these places to children and grandchildren should consider the Hippocratic injunction: “First, do no harm”.
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