Choice Of Entity For The Family Business

2011 ◽  
Vol 23 (2) ◽  
Author(s):  
Martin A. Goldberg
Keyword(s):  
Family Business ◽  
Case Law ◽  
Income Taxes ◽  
Special Topic ◽  
Font Size ◽  
Tax Legislation ◽  
The Family ◽  
Different Characteristics

<p class="MsoNormal" style="text-align: justify; margin: 0in 34.2pt 0pt 0.5in;"><span style="font-size: 10pt; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">Choice of entity has long been one of the central issues in applied business planning.<span style="mso-spacerun: yes;">&nbsp; </span>The family business often has special characteristics and needs that may differ from other businesses.<span style="mso-spacerun: yes;">&nbsp; </span>These different characteristics and needs will affect the determination of which entity is best for a particular business enterprise. To give some examples, the owners of a family business may want to maintain long-term control in the hands of one or two family members while still providing fairness for minority owners, may need to deal with attribution rules and other statutory provisions that make income tax planning more complicated, and may have the desire to take estate taxes into account as well as income taxes.<span style="mso-spacerun: yes;">&nbsp; </span>Tax legislation enacted in the years 2003 through 2006, as well as evolving case law, have made choice of entity for the family business more complicated than before, warranting a new look at this special topic.</span></span></p>

scholarly journals Present state of knowledge on the family Begoniaceae CA Agardh (Magnoliopsida) of Bangladesh

2018 ◽  
Vol 4 (1) ◽  
pp. 35-46
Author(s):  
PK Deb ◽  
MA Rahman
Keyword(s):  
Species Diversity ◽  
New Records ◽  
Herbarium Specimens ◽  
Field Investigations ◽  
The Family ◽  
First Time ◽  
Generic Family ◽  
Term Field

The inventory and assessment of species diversity in the mono-generic family Begoniaceae C. A. Agardh of Bangladesh were made through long term field investigations, collections, identification, survey and examination of preserved herbarium specimens and review of relevant taxonomic and floristic literature. The family is recognized to be represented in the flora of Bangladesh by 19 species under the genus Begonia L. Of these, 11 species were known to be previously recorded from the area of Bangladesh, hence additional 8 species of the present account are being reported here for the first time as new records from Bangladesh, these are: Begonia grandis Dryand. ssp. holostylla Irmsch. , B. heracleifolia Cham. and Schltdl. Cult., B. maculata Raddi Cult. B. modestiflora Kurz, B. muliensis T. T. Yu. Cult., B. scintillans Dunn, B. surculigera Kurz and B. thomsonii A. DC. An enumeration of these 19 species is prepared, and each species is cited with detailed taxonomic data. All species of the Begonia L. are herbaceous in nature and possess potential economic values, viz. 11 (52%) medicinal, 5 (24%) ornamental, 3 (14%) beverage, 1 (5%) food and 1 (5%) poisonous. Determination of status of occurrence showed that 2 (10.53%) species are common, 5 (26.32%) cultivated, 9 (47.36%) threatened and 3 (15.79%) possibly extinct in Bangladesh. Field photographs and hand drawings of recorded taxa are provided.J. Biodivers. Conserv. Bioresour. Manag. 2018, 4(1): 35-46

scholarly journals Advancing Tacit Knowledge: Malaysian Family SMEs in Manufacturing

2014 ◽  
Vol 13 (2) ◽  
pp. 1-24 ◽  
Author(s):  
John Lee Kean Yew ◽  
Edmund Terence Gomez
Keyword(s):  
Tacit Knowledge ◽  
Family Business ◽  
The Family ◽  
Innovative Management ◽  
Family Smes ◽  
Generational Shift ◽  
History Approach ◽  
Organizational Features ◽  
New Generation

The family business literature in developing countries suggests that their organizational features inhibit innovations that create niche products. In industrializing Malaysia, where family small- and medium-scale enterprises (SMEs) are undergoing a generational shift, there is little research on their capacity to develop the tacit knowledge of the founding generation. This assessment of 29 thriving family SMEs in plastics and food manufacturing evaluates how a new generation has nurtured innovative management, manufacturing, and marketing techniques. By adopting a business history approach that appraises the development of tacit knowledge, this study validates the need for family SMEs to institute organizational reforms to codify knowledge and therefore ensure long-term sustainability.

Mate Selection and Family Business Success

1999 ◽  
Vol 12 (2) ◽  
pp. 107-115 ◽  
Author(s):  
Kenneth Kaye
Keyword(s):  
Family Business ◽  
Mate Selection ◽  
Business Success ◽  
Windows Of Opportunity ◽  
Fundamental Fact ◽  
The Family

An index of a family's success is the caliber of talent it manages to attract and retain through marriage. This fundamental fact in sociology, anthropology, and history has received little attention in the family business field. Parents in Western societies have two windows of opportunity to enhance long-term family success through marriage: first, before their children reach puberty, and later, after they choose spouses for themselves.

scholarly journals Family Cohesion as a Longevity Factor of Business with Intergenerational Transmission

2014 ◽  
Vol 15 (4) ◽  
pp. 791-819 ◽  
Author(s):  
FCO. Javier Fernández-Roca ◽  
Jesús D. López-Manjón ◽  
Fernando Gutiérrez-Hidalgo
Keyword(s):  
Intergenerational Transmission ◽  
Family Business ◽  
Family Cohesion ◽  
Business History ◽  
Intergenerational Transfer ◽  
Critical Response ◽  
Original Plan ◽  
The Family ◽  
Business Family

This article contributes to a line of research in Business History that aims to determine the factors of family business longevity in the long term with the study of individual cases. The literature has identified family cohesion as one of the essential factors for survival. Cohesion may be reinforced or broken at the time of the intergenerational transfer. This study finds that a critical response on the part of the business family to the difficulties associated with intergenerational transfer of control, including modifications to the original plan, is usually based on trust between generations. Within the business family cohesion facilitates intergenerational transfers and, consequently, allows the family to evolve and transform itself into a business dynasty.

scholarly journals Training family business in undergraduate

2020 ◽  
Vol 14 (80) ◽  
pp. 113-127
Author(s):  
Yu. B. Rubin ◽  
◽  
A. Y. Pogorelova ◽  
E. V. Alekseeva ◽  
M. V. Lednev ◽  
...  
Keyword(s):  
Family Business ◽  
Professional Competencies ◽  
Professional Activity ◽  
Educational Standards ◽  
The Family ◽  
Family Entrepreneurship

In modern conditions, the development of entrepreneurship is complicated by the lack of uniform educational standards for teaching the conduct of this area of professional activity. In this regard, the article poses the issues of using a competence-based approach to training potential successors of family companies, which is significant for ensuring the success and long-term sustainability of family entrepreneurship. The authors of the article point out the need for the formation of additional professional competencies of students who have the prospect of entering the family business. Displaying the practical use of the proposed approach in the teaching of the discipline “family business” in the undergraduate University "Synergy"

scholarly journals Current and future challenges of family businesses

2020 ◽  
Vol 20 (2) ◽  
pp. 119
Author(s):  
Jessica Hastenteufel ◽  
Mareike Staub
Keyword(s):  
Family Business ◽  
Demographic Change ◽  
Family Businesses ◽  
The Family ◽  
Future Challenges ◽  
Family Strategy

Family businesses are an important part of every economy. They are characterized by long traditions that combine aspects such as trust and reliability, as well as by features such as innovativeness, foresight, long-term focus and flexibility. Both family businesses and the entrepreneurial families themselves do have some weaknesses and face current challenges like digitization, internationalization and demographic change. These issues must be kept in mind in order to constantly develop appropriate solutions that will help them survive and thrive in the market. Moreover, the high relevance of the family in a family business is associated with opportunities – for example, when a family strategy with clear values, roles and goals is defined, and a so called family business governance is developed.

Three Proposals for Interdisciplinary Study

1998 ◽  
Vol 11 (3) ◽  
pp. 267-274 ◽  
Author(s):  
Henry C. Krasnow ◽  
Robin L. Wolkoff
Keyword(s):  
Family Business ◽  
Business Owners ◽  
Minority Shareholders ◽  
Legal Advice ◽  
The Family ◽  
Tax Savings ◽  
Long Term Impact ◽  
Interdisciplinary Study ◽  
First Time

This article suggests research to determine whether more valuable legal advice can be given in three areas. The emotional distress caused by prenuptial agreements to people under 30 years old who are marrying for the first time is not justified because these agreements often do not accomplish their intended goals. Regarding estate planning, business owners and their lawyers often focus primarily on tax savings without considering the long-term impact of the estate plan on the family business. Finally, the advantages to the family business of agreements for the buyout of disgruntled minority shareholders are discussed.

Good, Responsible Parenting: Child-Support Guidelines in an Era of Neo-liberalism

2010 ◽  
Vol 25 (2) ◽  
pp. 129-148 ◽  
Author(s):  
Krista Robson
Keyword(s):  
Child Support ◽  
Case Law ◽  
Judicial Discretion ◽  
Poverty Measure ◽  
Government Documents ◽  
The Family ◽  
Normative Messages ◽  
Good Behaviour ◽  
Support Guidelines

AbstractFollowing decades of criticism, the federal government amended the Divorce Act in 1997 to include guidelines and support tables for the determination of child-support orders. The guidelines were meant to replace a child-support system that relied heavily on judicial discretion, which was blamed for the inconsistency between awards, the inadequacy of the amounts awarded, and inequity in the system. Normative messages about parental responsibility and good behaviour were reinforced in the new child-support regime. Through an analyses of case law, government documents, and interviews with lawyers, unique insight is gained in expanding our understanding of what is happening “on the ground,” beyond the “black letter of the law,” pursuant to the child-support law reforms. This article outlines the dominant message about responsibility that parents receive when they encounter child-support law. Further, it is necessary to consider the socio-economic context in which these reforms have occurred, as they have significant implications for the family in today's society. In the current climate of neo-liberalism, the reformed child-support legislation might be seen as one strategy in the state's reconfiguration of responsibility for the welfare of children. This research demonstrates that while the rationalization of child support has achieved some key objectives, it will fail as an anti-poverty measure.

scholarly journals Zero-Leverage Policy: Is the Family Nature of Private Firms Relevant?

2019 ◽  
Vol 11 (7) ◽  
pp. 28
Author(s):  
Oscar Domenichelli
Keyword(s):  
Corporate Governance ◽  
Risk Aversion ◽  
Family Business ◽  
Family Firms ◽  
Private Firm ◽  
Agency Conflicts ◽  
Propensity Analysis ◽  
The Family ◽  
Debt Policy

This work investigates whether being a family business influences a private firm&rsquo;s propensity to be leveraged and the underlying reasons behind such propensity. Analysis focuses on a sample of Italian private family and non-family firms for the period from 2008-2017. Socioemotional and corporate governance considerations cause agency conflicts to be negligible in Italian private family firms, and thus the use of debt is unrelated to these conflicts. Nevertheless, these enterprises are more likely to eschew a zero-debt policy, as opposed to their non-family counterparts. This is due to the socioemotional orientation of Italian private family firms, that is the desire of their family owners to keep long-term control over the business, through the use of leverage, which prevails over risk aversion.

scholarly journals GOVERNABILIDADE NA FAMÍLIA EMPRESÁRIA / GOVERNABILITY IN THE FAMILY BUSINESSES

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
Jorge Rodrigues
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Research Strategy ◽  
Integrative Model ◽  
Exploratory Research ◽  
Theory Of Practice ◽  
The Family ◽  
Structured Knowledge ◽  
Business Family

O artigo pretende estabelecer o estado da arte da governabilidade na família empresária. Ao rever a literatura pertinente sobre o campo família empresária contribui-se para a construção de conhecimento organizado e estruturado, para compreender melhor os conceitos subjacentes. Prosseguiu-se uma estratégia de investigação exploratória a qual se socorreu da “teoria da prática” de Bourdieu, para que surja uma visão inovadora do que se passa no campo em análise. Este é um tema complexo e multifacetado que pretende equilibrar os poderes soberano, executivo e de fiscalização, entre a família empresária e o negócio de família. Aquele equilíbrio depende dos estádios de desenvolvimento da família e envolve as estruturas, os processos e políticas que lhe dão forma. Como principais contributos aponta-se para um conjunto de questões centradas nos relacionamentos dos vários membros da família empresária e o modo como esta está comprometida e envolvida no sucesso do negócio a longo prazo. Estas questões destinam-se a ser incluídas num modelo integrador de governabilidade, suficientemente genérico e abrangente para que possa ser aplicado a qualquer tipo de família empresária. This article aims to establish the state of the art of governability in the family business through a literature review. Carrying out an exploratory research strategy of the field of family firms and family business, based on Bourdieu's "theory of practice", it enabled us to better understand the conceptualizations of family business, its underlying concepts and or assumptions, and hence contribute to the construction of organized and structured knowledge in this field. This is a complex and multifaceted theme that aims to balance the sovereign, executive and supervisory powers between the family business and with your own business. Some of our main contributions are: that balance depends on the stages of family development and it involves the structures, processes and policies that shape it, the effect of the relationships of the several members of the family business, and its commitment and involvement in the success of the business in the long-term success. These issues are intended to be included in an integrative model of governability, sufficiently generic and comprehensive so that it can be applied to any type of business family. JEL: D21, D23, G30, L14, L20 <p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/edu_01/0720/a.php" alt="Hit counter" /></p>

Sign in / Sign up

Export Citation Format

Share Document