Capital Structure & Financing

ESOPs offer liquidity solutions

Most later-generation family businesses will face a liquidity crisis at some point in their life cycle—all too often when it is least expected, and...

Good governance is essential for a family and its business

Where in the life cycles of business development, family leadership, ownership and continuity across the generations is your family business? Knowing the answer can...

Minority shareholders: Handle with care

Over the past few years, shareholder activists and their advisers have become increasingly vocal and demanding. Think of Liesel Pritzker, who sued her father,...

No time to hide in a cave, but …

Before September 11, several of my family business clients had mapped out clear plans for growth and financing. Lately they've been calling me with...

Where to Get Capital in the Nineties

A five-member panel convened by Family Business agreed there is plenty of private capitalaround these days for family companies wishing to finance succession or...