Author: Charles Kedra

Good legal documents are the foundation for an estate plan.  For a business owner, this takes on added importance.  By better understanding common estate planning terms and documents, you can gain important insight into the role they can play for you and your family. Will – This is a document that takes effect at death. … Continue reading A Guide to Estate Planning

A fellow blogger just posted a thought-provoking article, “What to do if the Family Business isn’t for you.” Below are some of the key takeaways if you have been debating about continuing the family business. Kyle Danner writes, “Here’s a scary thought: What if the family business isn’t for you?”  What if you’ve decided to… Continue reading Is the Family Business Right for You?

Contingency Planning is one of those areas most business owners would rather avoid.  Who wants to think about worst-case, What-If scenarios?   However, if you develop your contingency plans to effectively address the worst-case concerns and you DOCUMENT IT, the immediate impact is those documented plans add value to your business.  They allow you to add… Continue reading The 5 D’s of Contingency Planning: Add Value to Your Business and to Your Exit Strategy

I recently had the privilege to hear New York Times best selling author Thomas William Deans speak.  Tom is the author of two best sellers on family businesses – “Every Family’s Business” and “Willing Wisdom”.  The overriding theme of Tom’s books and his presentations is that family’s need to do a better job of dealing… Continue reading Family Business Succession