“How-To’s”: Exploring Family Business Structure

Speakers: Ted Clark, Director Center for Family Business, Executive Professor Entrepreneurship & Innovation, Northeastern University

Family Business Panelists: Randy Richard, President, Richard Brothers Financial Advisors and Neal Richard, Principal & COO, Richard Brothers Financial Advisors and TBD

Your family business’s resiliency depends on its structure strategies for whether your business is solely owned, sibling controlled, or diffusely owned. To truly understand the issues that impact a family business, you must see them for what they are: Family businesses are not a monolithic block, but rather a “species” with various sub-species, and any advice given to them should be tailored to fit that specific sub-species. At this workshop, we’ll identify the three types of family business, their structures and how to best develop a strategy to improve our opportunities for resilience and longevity.