The Family Business Guide [electronic resource] : Everything You Need to Know to Manage Your Business from Legal Planning to Business Strategies /
Lipman, Frederick D.author.
A practical guide to best and worst practices for family businesses - from drawing up incorporation documents to succession planning to selling the business. The book also includes examples from actual court cases and presents these lessons in an accessible manner. Sample legal agreements are included which help to avoid some of the major risks to the family business.
Cover; The Family Business Guide; Contents; Acknowledgments; Introduction; Chapter 1 Succession Planning; Chapter 2 Family Employee Agreements and Shareholder Agreements; Chapter 3 Governance Structures for Family Businesses; Chapter 4 Worst Practices: What We Can Learn from Family Disasters; Chapter 5 Compensating Family Members; Chapter 6 Creating Phantom Equity Incentives for Key Employees, Both Family and Non-Family; Chapter 7 Dealing with Inactive Minority Shareholders; Chapter 8 Eliminating Minority Shareholders; Chapter 9 Family Businesses in Financial Distress
Chapter 10 Selling a Family Owned BusinessChapter 11 Preserving and Transferring Family Wealth; Chapter 12 Family Businesses Going Public; APPENDIX 1 Selected Portions of a Speech by Philip Clemens, Chairman/CEO, Clemens Family Corporation October, 2008; APPENDIX 2 Prenuptial Agreement; APPENDIX 3 Irrevocable Spendthrift Trust; APPENDIX 4 Phantom Unit Agreement for Key Employees; APPENDIX 5 Private Company [Sale or IPO Exit] ABC, Inc., 2010 Stock Option Plan; Notes; Index
Includes index.
A practical guide to best and worst practices for family businesses - from drawing up incorporation documents to succession planning to selling the business. The book also includes examples from actual court cases and presents these lessons in an accessible manner. Sample legal agreements are included which help to avoid some of the major risks to the family business.
Small business.
Commercial law.
Leadership.
Family-owned business enterprise.
Small Business.
Commercial Law.
Business Strategy/Leadership.
Family Business.