Establishing a family business and passing it to your children can be vastly rewarding. A family business is a commercial enterprise involving family members. But the thing is, family businesses sometimes show ownership and management challenges.
Family Businesses
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Is Your Family Business Properly Insured?
~by Donya Zimmerman~ To protect your family business, you'll need to do more than a business plan or incorporate the business. You'll also want to have the right insurance for the business. It can protect your business from possible disasters: Natural disasters like...
Steps to Incorporate a Family Business
~by Donya Zimmerman~ The most valuable step to starting a family business is to ensure protection from lawsuits and loss of personal assets. So you’ll want to incorporate your business. Here are some steps and considerations when incorporating a small business with...
How to Properly Incorporate a Family Business
~by Donya Zimmerman~ When starting a family business, you’ll need to determine the best way to incorporate it so you can protect your assets. By incorporating the family business with the proper governmental agency, you’ll ensure that the business is protected, and...
The Basics of Starting a Family Business
~by Donya Zimmerman~ Starting a small family business can be a daunting task. At times, being around family members can be very difficult and stressful. Going into business with family members means that not only will you see them at home, but you will spend a lot of...
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