Chris Thompson of Reuters wrote an interesting article highlighting the usefulness of communication among family members and generations regarding the family wealth. He debunks the theory that the next generation should be kept in the dark lest they feel “entitled.” Some family businesses might find this a refreshing approach that could make succession planning that much more effective.
Read more about Chris' article here.Keith Baldwin is a business transactions and securities lawyer with a thirty-eight year history of serving clients’ legal needs. Keith focuses his practice on business relationships, including mergers and acquisitions, agreements among owner-entrepreneurs, and best practices for corporate governance. Keith can be reached via email at email@example.com or directly at 425.646.6133.