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Risky family business

Published October 21, 2020 Barbara Spector | Departments

This year, our MLR Media team has focused on the topic of risk — an appropriate subject to consider in a year marked by a pandemic, destructive wildfires and social unrest.Our sister publication Dir...

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Pantry pride

Published October 21, 2020 Caro U. Rock | Departments

I love to cook, but for many years, with my work schedule and board requirements, I haven’t had the time. Then COVID descended. I found myself with the opportunity to cook more often for my husband,...

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Dueling Perspectives: Private company share structures

Published October 21, 2020 Barbara Spector | Departments

Business families have a variety of options for structuring shares in their company to meet the needs of the family and the business. We asked George Quarles, a third-generation owner of Quarles Petro...

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November/December 2020 Family Matters

Published October 21, 2020 | Departments

Second-generation family member Lynn Houston Moore has been named CEO of HJI Supply Chain solutions, based in Louisville, Ky. Her promotion marks the culmination of a six-year succession planning stra...

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At the Helm: Joseph C. Richert

Published October 21, 2020 Patricia Olsen | Departments

A few minutes with the chairman and CEO of Special Tree Rehabilitation System, Romulus, Mich.

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Celebration Corner: Ralph's Italian Restaurant's 120th anniversary

Published October 21, 2020 Barbara Spector | Departments

The country’s oldest family-owned Italian restaurant had a monthlong virtual celebration featuring contests and nostalgia. 

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Tips on interviewing law firms

Published October 21, 2020 F. Douglas Raymond III | Departments

Readers frequently request guidance on how to evaluate advisory firms. This series of articles presents information on how to interview and compare advisers in a variety of disciplines.

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Vertex goes public during a pandemic

Published October 21, 2020 Barbara Spector | Departments

Executives of any company that goes public will tell you the process leading up to the IPO is grueling. For family-controlled Vertex Inc., which began trading on Nasdaq July 29 under the ticker symbol...

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Hold, Fold or Sold

Published October 20, 2020 Chris Yount |

How to think about the future of your family business.

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Protecting the economic engine of your family: Wealth management

Published October 14, 2020 Chris Yount |

As family businesses grow, so does family wealth. Eventually, that capital will transition from being a byproduct of your business into a business all its own.The most crucial step in being a good ste...

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Yuengling partners with competitor to extend its reach

Published September 27, 2020 Barbara Spector |

A joint venture with another player in your industry can have a high payoff — if you approach it in the right way.

 

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The Inevitable Shift

Published September 27, 2020 Whittier Trust |

Family businesses and family offices will see an inevitable shift, seeking independent advice, as G1/G2 becomes G3/G4.

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Charting an estate planning course in uncertain political waters

Published September 22, 2020 James I. Dougherty |

In addition to focusing on safety and cash flow during the COVID-19 pandemic, family business owners must be mindful of the upcoming November election and the likely impact of the results on estate ta...

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5 keys to success in any family business

Published September 14, 2020 Chris Yount |

Running a business is hard. Family life can be hard. Running a family business can seem impossible at times. In addition to the difficult decisions you must make every day for the company, you must al...

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Risk Management in the Age of Uncertainty

Published September 10, 2020 Erich M. Hickey |

In the 1600s, merchant ships faced enormous uncertainty while delivering cargo throughout the world. Rough weather, pirates, foreign gunships and disease consistently threatened their voyages, and the...

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GOJO doubles production to meet ‘staggering’ Purell demand

Published August 21, 2020 |

GOJO Industries, the third-generation family business that makes Purell Instant Hand Sanitizer, has doubled production across all operations in order to ship twice as much product as it delivered to s...

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Family giving during COVID-19

Published August 14, 2020 Ann Gill |

How to plan for long-term impact and build your legacy.

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Laird & Co. toasts the 10th generation

Published August 12, 2020 Hedda Schupak | Feature Article

America’s oldest distiller has gone from privately owned to public and back to private. What started as a favorite Colonial drink became a working-class staple. Today, the brand has gone upscale and is used in craft cocktail recipes.

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Redefining ownership as shareholder stewardship

Published August 12, 2020 Richard Seaman | Feature Article

A family business owner reflects on the journey from owner-operator to owner-steward.

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Family office decision factors

Published August 12, 2020 Maureen Milford | Feature Article

Advisers offer these suggestions for families considering a single-family office (SFO):• Solicit feedback from the family about potential benefits. Is the primary purpose to bring the family assets ...

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