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Only super-rich families like the Rockefellers, Vanderbilts and Carnegies pay the estate tax, right? Too bad no one told the family that owns and operates Reliable Contracting. Reliable is a construction company in Millersville, Md. What happened to it when a family member died illustrates how big an obstacle family-owned businesses face from the estate tax - more aptly called the "death tax" by those familiar with its harmful ways. It is a tremendous burden because, despite appearing valuable on paper, Reliable and other similar businesses do not have sufficient cash available to pay the tax. Reliable has many high-cost assets, such as bulldozers and dump trucks. This equipment makes up a majority of the business's value. Compared to the value of these assets, it has little cash on han...
The small, family-owned business is an important, yet under-researched, object of study. In particular, the social responsibility efforts of these businesses have not been given sufficient attention in the literature, as academics have focused more on large, publicly-owned corporations. Therefore, systematic research is needed to study if they engage in social responsibility, why and to what extent. This paper provides an overview of peer-reviewed literature of the social responsibility of small, familyowned businesses, conducted in the U.S. and abroad within the past ten years. It also takes a critical look at this literature and identifies several research questions that need (further) exploration in this field.
The letters arrive a little more often now. Unsolicited, they're from agents representing potential buyers of Quality Life Services, a family-owned chain of nursing homes and other businesses. We ignore them. None of us are thinking 'sell' at all," said Susie Tack Beardsley, employee relations director for the Butler- based company that her grandfather, father and uncle founded in 1973.
Most of the American workforce is employed by establishments that employ fewer than 100 workers. Uncovering their deepest secrets is more difficult than tracking larger companies that are well- reported on in media, directories and stock reports. Still, there are telltale signs of a company's true colors available to you through primary personal contact rather than secondary reports. Although employers rarely hire anyone without a reference check, candidates rarely bother, and that's a mistake," Dallas recruitment and placement ace Tony Beshara says. The president of Babich and Associates (babich.com), Beshara has been in the employment trenches for more than 30 years.
... of companies that are claimed to be familyowned, one could easily infer that the number of family ...
If you and your date are longing for some of grandma's homemade sauce and pasta, there's plenty of Italian-style home-cooking available right here in Western Pennsylvania. So, grab your Pisan and plan to spend a Saturday in Bloomfield. Known as Pittsburgh's Little Italy, Bloomfield has residents whose Italian roots go back five generations or more.
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