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Family businesses are a driving force in the U.S. economy. They range from your neighborhood dry cleaner to enormous conglomerates.
Family business owners not only have to contend with the maintenance and growth of the business, but also must manage the element of “family” in their operations, which introduces added complexity to the issues all businesses face—including, but not limited to, governance, growth, succession and consideration of sale.
Many families turn to consultants to help them navigate the various complexities inherent in their businesses and families. This engagement is often precipitated by an event, such as the death of a leading family member; an impasse among family leaders with respect to the direction of the busin...
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