Family businesses are a diverse group, but they all face a common set of problems:  (i) effectively dealing with family dynamics that otherwise can adversely affect business operations, (ii) satisfying the financial needs and expectations of the family members, including both those individuals who are actively involved and those without any interest in the business, (iii) providing for key employees who are not family members, and (iv) maximizing the economic benefits that flow from a successful business.
 
Satisfying all of these demands is no easy trick, and there’s no magic formula that will prove effective for ...