BanyanGlobal

Disruptions to Your Business Family

Most business families experience, at some time, four major disruptions:

  • Death in the family
  • New entrants into the business family
  • Inequality
  • Behavioral health issues

 

Without some preparation for such disruptions, both your business and family could fall apart under the strain. BanyanGlobal can help you navigate these predictable challenges in your business family.

 

Check out the resources below:

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THE FOUR COMMON DISRUPTIONS:

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Spotlight: Preparing for Death in the Family

“It’s tempting to avoid planning for your own death, but if you forgo this planning, you are quite literally dooming the business to failure in the long run. Is that what you really want? None of us want to recognize our mortality,” Dave McCabe, a highly regarded trusts and estates lawyer with Wilkie Farr & Gallagher, told us. But failing to prepare creates the potential for chaos.

 

–Josh Baron and Rob Lachenauer, the Harvard Business Review Family Business Handbook

Coming Up Next: Dealing with New Entrants to the Family

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