Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.

Abstract

The owner-manager of a small business, a gift and framing shop, wants to bring her daughter and nephew into the shop on a full-time basis. She has to find an appropriate legal and capital structure that will give them an incentive to join the shop and at the same time protect her own interests. The case, although short, invites students to discuss the advantages of partnership vs close corporations, problems of control and of management succession, and the necessity for both building trust and creating legal protection among parties in a family business.
Industry:
Size:
Small

About

Abstract

The owner-manager of a small business, a gift and framing shop, wants to bring her daughter and nephew into the shop on a full-time basis. She has to find an appropriate legal and capital structure that will give them an incentive to join the shop and at the same time protect her own interests. The case, although short, invites students to discuss the advantages of partnership vs close corporations, problems of control and of management succession, and the necessity for both building trust and creating legal protection among parties in a family business.

Settings

Industry:
Size:
Small

Related