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Lance Woodbury, a partner at Pinion (formerly K∙Coe Isom), a food and agricultural consulting firm, provides facilitation and mediation services to family-owned enterprises working through communication and conflict, succession and strategic planning, family giving, estate planning and governance.
Learn MoreGiving land to future generations can be a wonderful blessing. But, when coupled with some advanced estate tax mitigation strategies, it can complicate the family relationship. Be sure to thoroughly discuss the pros and cons of...
Why do we avoid conversation? Underneath the silence sit several questions the senior generation often hasn't answered for themselves. Until they do, the transition process stalls.
Management succession in a family business is easy to define but hard to do. Put simply, it is the act of transferring authority and responsibility to the next generation. In practice, it is anything but simple.
What does resiliency-the capacity to withstand or recover from difficulties-mean in the context of a family working the land together? How does a family partnership bounce back from challenging situations? Consider the following...