The Family Business Guide
2010
Frederick D. Lipman
Palgrave Macmillan
Approximately 80% to 90% of all businesses in the United States are family-owned businesses. The Family Business Guide offers practical advice on best and worst practices for family businesses, including succession planning, corporate governance, compensation strategies, sale of the family business and IPOs. The book also includes examples from actual court cases and presents these lessons in an accessible manner. In addition, sample legal agreements are included to help the reader avoid some of the major risks to the family business.
Table of Contents
- Succession Planning
- Family Employee Agreements and Shareholder Agreements
- Governance Structures For Family Businesses
- Worst Practices: What We Can Learn From Family Disasters
- Compensating Family Members
- Creating Phantom Equity Incentives for Key Employees, Both Family And Non-Family
- Dealing with Inactive Minority Shareholders
- Eliminating Minority Shareholders
- Family Businesses In Financial Distress
- Selling a Family Owned Business
- Preserving And Transferring Family Wealth
- Family Businesses Going Public
- Appendix 1: Selected Portions Of Speech By Philip Clemens
- Appendix 2: Prenuptial Agreement
- Appendix 3: Irrevocable Spendthrift Trust
Praise for The Family Business Guide
“…This is a hard hitting, very pragmatic approach to family business. [The] stories are the best part of the book as they allow you to relate to the issues you encounter without the legal jargon. There are legal contract examples for you to consider, but what makes this book relevant are the case studies…Immerse yourself in [Mr. Lipman’s] vast knowledge and first hand real life experience that spans decades of family business endeavors. I can highly recommend this book to anyone, thinking about or running a family business. In fact after reading this book I’m even more convinced that a family business is a great way to start a business. Just read the book—it will advance your thinking by a decade.”—Stefan Töpfer, The Small Business Blog
The book is available in all national bookstores and on Amazon.com. For more information, visit us.macmillan.com.