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Small Business Transition: “Starting the Conversation”

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Now that their children are grown and on their own, farm owners Ron & Jo are looking ahead to the future of their farming business. When the couple felt it was time to start that conversation with their family, as well as with insurance and legal professionals, they engaged their Farm Bureau Financial Services agent [...]

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Changes in the Capital Gains Tax Will Hurt Business Sellers

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The new administration has made it pretty clear that taxes on the wealthy are going up. One particular area of focus, we believe, will be increasing the capital gains tax. This article explores the impact on business sellers of this impending increase. Thinking of selling your business? If you have planned it correctly, most of [...]

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Management Succession Planning IS Success For the Family Business

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Decades of statistics illustrate that most successful businesses ultimately fail. In fact only 35% of successful family businesses (and virtually all small businesses are family owned) survive through the second generation, and of those only 20% survive through the third. The reasons are typically straightforward and the excuses have been the same, from my personal [...]

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Len Green Innovation Discussion – Part 1 of 3

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Certificate: www.fdu.edu/edison This video is part of the television series, Voices of Innovation, presented by the Rothman Institute at Fairleigh Dickinson Universitys Silberman College of Business. Viewers learn from industry leaders about best practices relating to innovation. With those insights, they can better understand how to successfully implement innovation at their workplaces. Leonard C. Green [...]

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Self Employment — from the Kiplinger Family Records Organizer

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Kiplinger’s Family Records Organizer helps families organize their essential information in one convenient place. Use the Self-Employment and Home Business Information form to keep track of business records, including a succession plan, business valuations and letters of instruction. Also include information on business credit cards, bank account records, pending loans, tax returns, insurance policies, a [...]

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