What Do We Owe Our Children?

Tags:
Delaware Valley Family Business Center,
Finance,
Financial Accounting,
Parent
Source:
Delaware Valley Family Business Center

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Overview: Money isn’t the primary issue. With a commitment to one another’s growth and happiness, business families will thrive. In between childhood allowances and estate planning, nearly all parents—business owners or not—struggle with the question: What do we owe our children? Virtually all parents, whether or not they own a business, must wrestle with financial questions. Decisions about money and related matters transmit powerful messages about what and who families (more specifically, parents) value. With a commitment to one another, to personal growth, to living balanced lives and to the company’s success, business families will not only survive but also thrive. Having worked through the toughest issues with love and respect, family members can sit down in harmony to Sunday dinner together—and count themselves blessed. Read the article to know how succession plan in family business help to parents to transfer the authority of the business to their childrens.

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Format: HTML | Date: Nov 2001 | Pages: 1

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