“Difficult Math: When Some Children Don’t Want to Join the Family Business,” – Columbus Business First
In an article published in the print and digital editions of Columbus Business First on March 10, 2017, John Lucas discusses what steps that business owners should take when approaching the process of discussion about the future of the family business. Some adult children do not wish to be given the responsibility of a business, and it is important for families to have frank discussion about this situation early in the process. While some family members may not want any part of the business, there may be a situation that one adult child wants more influence in business decisions. “Fairness may seem like an easy formula is you leave three equal shares of your business to your three children. But If one wants to continue the business and the other two have other ambitions, equivalency can be difficult to achieve,” said Lucas.