Posts Tagged‘family’

Why You need to Write a Will if You’re a Business Owner

Not many people think about writing a will until they reach a certain age. While it may not be the most joyful thing you can do – let face it, it’s quite depressing to dwell on what will happen after you die, if you own a business you may seriously have to start thin king about getting one written. Without one, all of your assets could not be distributed how you’d like. When it comes to a business, it’s not as simple as a certain possession not going to the right family member. Not having a will when you own…

How To Address Conflict in Your Family-Run Business

Family-Run Business

Family-run businesses can be great successes, the trust that you have between your family members is automatic and more often than not, you don’t need to gain the commitment or loyalty of your relations. The flip side to running a family business is that it can often be easier to find yourself in conflict with them, either from something based on the running of the business or from a conflict away from the business that impacts it. If you find yourself in a conflict with family members within the business then it is important that you address it with haste.…