Corporate
Mar. 16, 2011
Selling a Family Business Without Selling Out the Family
How to manage competing interests when selling a family owned business. By John B. Marshall, Kevin E. Rex and Robert A. Hull of Lewitt, Hackman, Shapiro, Marshall & Harlan.
Working in a family business can be extremely rewarding and utterly frustrating, especially when the younger generation (often minority owners) view the future of the business differently than the older generation (usually majority owners). The younger generation, especially those who are active in the business, often assumes that the company will be "given" to them; however, the older generation may ...
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