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
Elite families passing their wealth from generation to generation does not just happen. Evidence suggests that it is the exception rather than the rule.
70% of intergenerational wealth transfers fail, according to research conducted on over 3,250 families who transferred wealth.