In this video:
Each generation of family-business ownership can benefit from fully understanding the value of their ownership and maximizing the benefits of their ownership (often via the profit distributions) relative to their financial planning. This is especially true given the illiquid nature of most family business ownership interests. Past family financial planning conversations have often occurred within, or during the rollout of, a family council meeting, and have contributed to enhanced communication between family members regarding their ownership stake in the family enterprise.
These videos are for educational/informational purposes only and not legal advice. Please consult with your professional advisors before making any business decisions. If you need additional resources, please contact the FBC or reach out to the FBC Technical Advisor presenting the informational video. Their contact information will be at the end of the video. Thank you.