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Your Family Business: a Success Guide for Growth and Survival.

According to the authors, over 90% of American businesses are family-owned, leading to a variety of tensions and problems. From their perspectives as past and present senior partners in Laventhol & Howwath's family business practice, they examine the major problems such companies face.

They also examine the life cycle of family enterprises, from birth to succession to a new generation, identifying the critical issues that arise in each phase--such as the entry of children into the business--and how these issues can be dealt with successfully. The text is oriented toward the small business owner but contains a great deal of useful information that can help hone the skills of accountants and attorneys who regularly serve these companies.
COPYRIGHT 1990 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Author:Fogg, Stephen L.
Publication:Journal of Accountancy
Article Type:Book Review
Date:Sep 1, 1990
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