Family Businesses


The Self-Disruptive Leader
Korn Ferry
Disruptive forces are driving the future of work. By analyzing the leadership profiles of 150,000 leaders, this study underlines the five key qualities of effective, future-focused leadership—
Phantom Stock
Korn Ferry
One of the biggest hurdles for family businesses is the need to develop an attractive long-term incentive plan that recognizes enterprise value over time and is competitive with plans offered by
From Business Owner to Wealth Owner: How to Manage Your Personal Wealth Like a Business
BMO Family Office
As a business owner, you wouldn’t operate without a clear vision and strategic plan. And you wouldn’t embark on a new initiative without first reviewing your cash flow and income
Preparing to Sell Your Business: How to Get Started With a Successful Exit Strategy
Jay Halverson, First Republic Private Wealth
If you are a business owner, one thing is certain: At some point, you will exit your company. In order to leave—on your terms and when the time is right—you should begin to design your
An Employee Leaves ... Now What?
Kevin E. Hyde, Foley & Lardner LLP
Whether an employee leaves for another job or because the employer decided it was time for the employee to go, employers typically need to figure out how to replace a departing worker. Sometimes, the
Marijuana is Now Legal in My State, but Is it a 'Lawful Product'?
Patrick J. McMahon, Foley & Lardner LLP
The trend of states legalizing both medical and recreational marijuana use continues to gain momentum. Unfortunately for employers, this also means having to wade through an ever-growing patchwork of
New York Expands Pay Equity Law
James M. Nicholas, Foley & Lardner LLP
On the day that New York State honored the U.S. women’s soccer team for their World Cup victory—a team whose members have publicly demanded pay equity with the U.S. men’s soccer
Qualified Small Business Stock (QSBS)
Justin Makso and Kevin Chung, First Republic Private Wealth
Lawmakers are well aware of the significant contributions to economic and job growth made by small businesses. As a direct incentive for starting and investing in small businesses, Congress has
All Employers Should Have a Leave of Absence Policy
Suzanne Dodge, Risk Strategies Company
Employers of all sizes inadvertently put themselves at risk by not having a policy establishing how long to continue benefits during a leave of absence (LOA). So, before the important questions arise
Strengthen Your Family Business With a Family Governance Plan
BNY Mellon Wealth Management
Most family businesses take on the characteristics of their founder or founding family, especially in their formative years. As the company grows, the family expands and the founder begins to