Annual Meeting Of Partners - LEARN
VICARIOUSLY THOUGH THE ERRORS OF OTHERS
DSB&Co frequently encounters
business situations that should have been avoided but developed
when family businesses operate in an environment void of
transparency and open communications amongst partners.
More than a recommendation, it is
necessary to conduct annual meetings to review operating results
and to cooperatively formulate plans for the future. All the family
businesses we work with meet amongst themselves or with us to
formally discuss business issues including highly charged topics
such as compensation for which mechanism exist attain equitable
results.
No matter the agenda, the primary
motivation for such interaction is to avoid expensive
miscommunication amongst partners. It's also necessary in
our very complex regulated society to involve professionals with
more experience than yourselves to help guide you. We can assure you, it is better to learn
vicariously though the errors of others then learn first hand
by misstep. What
is at stake is very material to family businesses.
Grappling with the thorny reasons for
not communicating with one another is likely the most
significant of the obstacles needing to be overcome.
If you have any questions, do not hesitate to contact the professionals at Dana S. Beane & Company, PLLC
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