Publisher's Synopsis
Excerpt from Challenges and Issues in Managing Family Firms
The second issue concerns how the assets of the business will be shared within the family. Most family members want their fair share of the assets. If the family perceives some inequity in the distribution of the assets conflict will often result. How the founder goes about dividing assets is generally more important than the final outcome if the family is to avoid conflict. The founder must decide if he should make the decisions regarding the division of the assets alone, or should he consult his family and others. The correct decisions and the process for deciding the distribution of assets cannot be identified easily. It depends on such factors as family tradition, the number of family members involved, and the nature of the family relationships.
The founder must also deal with many other sensitive questions such as.
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