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

Funnel flow flat line style concept illustrationEvent Recap: The 12 Most Common Mistakes to Avoid in Selling Your Business

DWT recently hosted “The 12 Most Common Mistakes to Avoid in Selling Your Business,” a seminar examining the common challenges affecting owners of family and closely held businesses on the subject of succession and estate planning. The seminar was led by a team of panelists, including DWT attorneys Keith Baldwin ...

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

The Difficulty of Succession Planning

Posted by Keith Baldwin

What’s Next: After the Sale of a Family Business

Posted by Bill Weigand

Beyond Business

Seattle SkylineUpcoming | Passing The Baton: Transitions In Family Business

On Tuesday May 16th, 2017, Davis Wright Tremaine will host a Family Business Legacy Series featuring Mike Garvey and Rene’ Ancinas. Perhaps the greatest challenge a family business faces is the successful transition of ownership and management to the next generation. Many business owners are unwilling or ill equipped to address the ...

Top Highlights from PwC Family Business Survey

Posted by Andrew Steen

The Best of 2016: Quotes on Family Business

Posted by Davis Wright Tremaine

Should a Family Business Owner Make a Charitable Gift of Her S Corporation Stock?

Posted by G. Matthew Loftin

Innovation in Family Business?

Posted by Andrew Steen

Family Business Report Highlights Successful Northwest Family Businesses

Posted by Andrew Steen

Employment

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

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