Revisiting John Ward’s Perpetuating the Family Business

In the April 10, 2014 issue of the LISI Business Entities Newsletter, Jeffrey A. Galant, counsel to Meltzer Lippe’s Tax & Tax Controversy, Trusts & Estates, Tax-Exempt Organizations, and Wealth Preservation & High Net Worth Planning practice groups, reviews John Ward’s Perpetuating the Family Business: 50 Lessons Learned from Long-Lasting, Successful Families in Business, Palgrave Macmillan, UK, 2004.

Mr. Galant writes: “John Ward’s Perpetuating the Family Business is not about saving taxes, rather it is about saving the family and its business. The book, a self-help guidebook to family business owners, is a synthesis of Ward’s experiences in advising such owners here and abroad.

From those experiences Ward draws both insights and lessons to inform family business owners in their pursuit to guarantee the continuity of the business for future generations. He raises the existential issue of whether the family wants to continue to control the business.

The book is focused on the family issues and does not deal with business matters. For a business to have a successful transition to the next generation, Ward’s 50 lessons should be seriously considered.”

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