The federal tax reform law Congress passed and President Trump signed in December has ramifications for family-owned businesses and how they are ultimately transitioned from one generation to the next.read more
The number of billionaires and ultra high net worth families around the globe continues to grow year after year. This development has affected demand for wealth management services, and more and more families are now turning to family offices to manage their wealth.
I recently heard about an entrepreneurial woman who started a business that now employs her husband and over 100 employees. The business has been enormously successful. The couple has two young children and all is well – except that they are starting to worry about a problem they never thought they’d have: raising wealthy children.
I first started Daughters in Charge after moderating a business roundtable whose members were all young women working in their family’s business. Fast forward five years and we’re still together. In our meeting yesterday I was reminded once again about one of the reasons why I thought these women were special, and still do: they are financially savvy.
After nearly 60 years in business, the world’s most famous multi-level marketing (MLM) business generated $8.8 billion in revenue in 2016. This despite the rough road the company has had to traverse almost every year since its inception in 1959.
Presentation by Family Owned Business Resources