Informative Articles

PTCFO, Inc.
48 Walkley Road,
West Hartford, CT
06119-1345

phone: 860.232.9858
fax: 860.232.9438

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Boards/Governance

Entrepreneurs or Family Businesses with entrepreneurs should consider using Boards of Advisors or Advisory Boards to help grow the business. There are four steps in developing an effective...

Could Your Family Business Use an Advisory Board?
Business owners continue to debate whether organizing an advisory board -- a group of outside...

How Can Good Governance Keep ESOP Companies Independent?

When planning a family trip by car, you select your destination and then map out a route. This same logic holds true in the case of managing your family business. The destination is the set of...

Succession

ESOP / Culture

A recent study by students at Boston College...

Governance in the Dictionary means: “to Govern.”  The Dictionary term for Govern is: “to...

Family Business

In the course of events in multigenerational family businesses, a family member may suggest bringing an inlaw into the business. These requests can often cause great anxiety for the family members...

A large number of family owned businesses are choosing...

Recruiting and retaining bright young executives to assume leadership roles in family businesses has been a continuing dilemma in many maturing family enterprises. Several steps can be taken to...

Many small family businesses disregard nonqualified deferred compensation because these plans don’t provide a tax deduction until disbursement. But other family businesses are large enough...

For families with children in private school or college, education costs can be prohibitive. Financial aid is can be hard to obtain and scholarships can be even more elusive. For many families,...

General Business

In 'Corporate Life Cycles,' by Ichak Adizes illustrated the growth cycle of a business. His illustrations related to the process all businesses must pass through and the issues that must be solved...

This questionnaire is designed to help you pinpoint planning opportunities for your family business and organize your goals. It can also be of use when answered with the assistance of your...

Family businesses may not always need to issue formal financial statements. Absent the need to report to others, you can probably get by with simple flash reports and cash flow projections. But if...

Peter Drucker wrote in his book, The Practice of Management, that the purpose of a business is "...to Create Customers." He went on to state that said there are two ways to create customers:...

Many family and ESOP business CEOs find themselves looking at the next generation and saying, "they are not as hungry as I was their age," or "they don’t have the knowledge I had then (or...

For many years, estate and gift taxes have been undercutting the wealth of successful family businesses. For instance, though married couples with children may double the tax-free...

The challenge of a growing company is to build an organization that is flexible, adaptable and results-oriented to anticipate and solve tomorrow's problems. Like our own bodies, an organization...

Many family businesses try to balance the need to control wages with the need to pay experienced people in key positions. Other than wages, nothing affects employees as much as benefits. The trend...

Something seemed wrong at Leo’s Lawncare business. Leo had always trusted his employees, taking great care to screen them before hiring. Lately, however, he noticed...

Is your business in a cash crunch? Have you been looking to borrow money for expansion, but been turned down by a bank because your credit history is nonexistent or less than exemplary? Many...

This article page is designed to display Selected Information as it relates to Closely Held, or Family Businesses.  Your comments would be most appreciated:

 


 

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