Ownership & Leadership Transition

Businessman passes relay baton in handPassing the Baton: Lessons Learned

On May 16, 2017, Davis Wright Tremaine LLP hosted 85 owners and managers of family-owned businesses at the latest edition of our Family Business Legacy Series.  Mike Garvey, the co-founder of Saltchuck Resources, a diversified transportation and distribution business with revenue of nearly $3 billion and 7,500 employees, and René ...

How Long Is Too Long for a CEO?

Posted by Andrew Steen

Can I Leave My Family Business to a Minor Child?

Posted by Keith Baldwin & G. Matthew Loftin

Shirtsleeves to Shirtsleeves in 6 Generations

Posted by Margaret Vining

Success Requires Buy-In From The Incumbent Generation

Posted by Joseph Weinstein

Leadership Transition in Prominent Seattle Family Business

Posted by Joseph Weinstein

Governance & Business Operations

Successful leaderFive Good Reasons to Have Independent Board Members

Family-owned businesses that have independent board members are frequently among the best-managed and best-governed.  They have reached a level of maturity where family members recognize that outside voices provide stability, objectivity and protection from certain business risks. Let’s define what “independent”  means for our purposes.  Typically, an independent director is not ...

Simple Ways Advisors Can Help with Family Business Governance

Posted by Bill Weigand

Paying your children to work in the family business? How much pay is too much?

Posted by Keith Baldwin

Consider The Risks Before Electing S Status For Your LLC

Posted by Michael Gentile

Success in Succession: Using Strategic Planning to Address the “Missing Middle”

Posted by Ashley Brown

Three Governance Myths at the Family Farm

Posted by Bill Weigand

Estate Planning

Hourglass.Be Careful with Living Trusts that Own S Corporation Stock

In many states, Living Trusts are a person’s key estate planning document.  Living Trusts are created to hold assets during life and then dispose of those assets at death according to the person’s directions (here, we will call the person making the Living Trust the “Grantor.”  Living Trusts thus operate ...

Succession & Estate Planning Fundamentals for Business Owners

Posted by Davis Wright Tremaine

Plan to Communicate

Posted by Margaret Vining

Preserving Your Family Business (or Sale Proceeds) for Generations

Posted by Dana Reid

Effectively Utilize Your Combined Federal Gift and Estate Tax Exemption

Posted by Dana Reid

Your Estate Plan – Four Documents You Should Be Considering

Posted by Patrick Green

Growth & Exit Strategies

close up of father and son hands holding piggy bankMezzanine Financing for Family-Owned Businesses

On June 6, 2017, Davis Wright Tremaine LLP hosted the latest edition of our Family Business Study Group, where David Levine of Prudential Capital Group and Hugh Campbell of Cascadia Capital spoke about using  mezzanine financing to create liquidity in family-owned business. What is Mezzanine Financing? Mezzanine financing is used to facilitate ...

New Ideas for Old School Companies

Posted by Mark Johnson

Event Recap: The 12 Most Common Mistakes to Avoid in Selling Your Business

Posted by Ashley Brown

Lessons Learned in Selling the Family Business

Posted by Keith Baldwin

Selling Your Family Business: Is 2017 the Year?

Posted by Keith Baldwin

Top Ten Seller Mistakes

Posted by Keith Baldwin

Beyond Business


Social Media LikesSocial media research reveals insights for retaining top talent.

Successful companies depend on finding and retaining talented employees. Attrition, on the other hand, is expensive. A constantly revolving door means more money and time spent training new employees, makes it hard to build effective teams and can undermine company morale. Family businesses may have a particularly difficult to path ...

Harder to Let Go?

Posted by Andrew Steen

The Cowles Company

Posted by Joseph Weinstein

Does “Hobby Lobby” Apply to My Family Business?

Posted by Andrew Steen

Simple Cafeteria Plans – Key to Keeping Key Employees

Posted by Christine Hawkins

Essential Employment Policies for Family Businesses, Part II

Posted by Mary Drobka & Paula Simon