Family businesses account for much of this country’s domestic product and are essential to the American Dream. Whether it is a century-old international automobile manufacturer or a group of local dry-cleaners, family involvement in the business is a common goal. Like anything worth keeping, it takes work to preserve.
Posts Tagged: Family Business
Can Family Wealth Go On For Generations?
Elite families passing their wealth from generation to generation does not just happen. Evidence suggests that it is the exception rather than the rule.
Study Shows Inherited Wealth Is Squandered
70% of intergenerational wealth transfers fail, according to research conducted on over 3,250 families who transferred wealth.