Estate Planning for the Family Business: The Non-Linear Approach
- Tags:
- Ambrecht & Associates,
- Asset,
- Asset Management,
- Business Operations,
- Family Business,
- Operational Planning
- Source:
- Ambrecht & Associates
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Overview: Before suggesting an integrated way to analyze family businesses, the term “family businesses” needs to be defined. This paper discusses that family businesses can be defined at the simplest level, as a pool of capital that happens to be influenced/controlled, owned, and/or managed by: one or more members of a single family; one or more branches of an extended family, one or more unrelated families; and/or some combination thereof. Family businesses can thus be defined to include jointly owned assets, such as real estate or other capital assets, even when active management is not required, or to include assets where simply different family members are required to share use and ownership, such as a family vacation house. Different approaches to analyzing the succession are being developed in many new fields of study such as psychology and organization development.
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Format: PDF | Size: 52KB | Date: Nov 2001 | Pages: 27
