Titlebook: Developing Family Business Policies; Your Guide to the Fu Craig E. Aronoff,Joseph H. Astrachan,John L. Ward Book 2011 Palgrave Macmillan, a

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Shareholder Agreements,n agreement is needed whenever a business has more than one owner (as in a partnership), or when a founder begins to distribute shares to children or other family members. Shareholder agreements—sometimes called “ownership agreements” or “buy-sell agreements”—cover a host of issues, setting forth wh

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Antagonism

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https://doi.org/10.1057/9780230609761velop. Finally, the policy can be put into practice when the young adult indicates a desire to join the business. . A policy on entering the business can focus the family’s attention on a crucial issue that might otherwise be left to chance.

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How to Develop Your Policies,velop. Finally, the policy can be put into practice when the young adult indicates a desire to join the business. . A policy on entering the business can focus the family’s attention on a crucial issue that might otherwise be left to chance.

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Introduction,o brothers and a sister and their spouses—invite all the family members to a big weekend retreat, and during the retreat, for the first time, the members of the third generation, ages 15 to 24, meet together.

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One Policy, Two Ways, families operate successful companies, and both are made up of thoughtful people who want the best for their families and their business. Beyond that, they are very different—and so are the policies they develop. Let’s imagine these two scenarios: