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For many fathers and sons, that personal relationship also blends into their careers. About 80 percent of businesses in the United States are family owned, according to the Center for the Study for Taxation in Washington.
Mixing the parent-child dynamic with a business partnership can be as rewarding as it is challenging. A trust not often [...]

The path to riches usually starts with a family business. To use private-banker jargon, the Patriarch founds the company (they never say Matriarch) and then passes it to the Next Generation and then maybe to “Gen 3.” Inevitably, the family members start fighting and the business goes under or is sold for a Liquidity Event. [...]

As a 10-year-old boy, Matt Horsfield understood much of what was unfolding around him when his father, Pat, decided to start a construction business.
Now, as an adult and president of his father’s firm, Horsfield Companies, Matt Horsfield said he realizes how substantial his father’s undertaking was.
“Essentially, he gave up everything and sacrificed everything,” he said.
All [...]

Only a third of family-owned businesses make it to the second generation. Some local entrepreneurs have taken steps to make sure their families — and their businesses — survive and thrive.
When Christopher Schneeman graduated from college, he was determined not to follow his father and grandfather into the family business of selling property and casualty [...]

Selling a family business may be a difficult decision but could be the key to wealth and freedom.
Someone who has been there and done that, Garth Stephanson, will share his experience at a special presentation partly sponsored by the Greater Oshawa Chamber of Commerce.
As keynote speaker, Mr. Stephanson will speak about his experience selling the [...]

It is one of the toughest questions that parents who own businesses confront — how can they be equitable in their estate planning when one child works for the company but others don’t?
The answer: It isn’t easy. But the best way to preserve harmony and, possibly, the business is to communicate with family members and [...]

Some of the most startling claims made by Freud and his followers concern the feelings of young children, but Leader says the evidence of his own eyes does not support the old idea that babies start life in a kind of “autistic shell”, or that they do not understand the mother’s breast as a separate [...]

Then there are the ‘do-ers’ or the ’selfstarters’, who are perhaps the most dangerous of all. One ’self-starter’ is a successful small businessman in his forties who now runs a youth club aimed at preventing young men from becoming radicalised or getting involved with gangs. Born in Britain, and never particularly bothered about politics, he [...]