use of an independent and highly experienced neutral to guide the parties in
dispute toward a mutually beneficial solution is invaluable.
Joint and individual
Guidance and suggestions
Resolution of differences
Works toward common
Solutions that work
Help Your Family Business Survive to the Second and Subsequent
family business is extremely hard work, often fueled by the thought of someday
handing over the reins of the company to a son or daughter. This is often more
of a dream than a realty. As Eileen Glanton of the Associated Press wrote on
July 6, 1999:
Fortune 500 companies to corner delis, many business owners find their dreams
deflated by poor planning or family squabbles. While two thirds of family
business owners say they hope to pass on their enterprise to a relative,
statistics show that 77 percent of all such firms do not survive to a second
businesses challenges include crippling taxes and sibling rivalry as well as a
lack of appreciation for the family business by relatives. Often the emotional
issues surrounding succession are more difficult to deal with than estate taxes.
Entrepreneurs who start businesses find it very difficult to choose a successor
and to successfully turn over authority to such a person.
that passing a business on to a next generation can be extremely satisfying and
take a business to a whole new level. It is rewarding for both the next
generation and the entrepreneur who gets to watch his business grow and thrive
in family hands.
Solutions, INC. will bring a unique team to your business to help identify and
deal with family issues as well as develop a thoughtful and workable succession
business work is done by Pat Coughlan (father) and Devon Coughlan (son) who are
both "recovering lawyers." Devon and Pat work together in two businesses in
bringing a multi-generational approach to solving the conflicts that inevitably
arise in managing and developing succession plans for family businesses.
methodology involves visiting the company and family members and spending time
interviewing, observing, and talking to family members and employees. Our work
is confidential, and our style is non disruptive. Once we have gained sufficient
background information, we work with family members and business owners to help
them develop a plan that deals with conflict, minimizes disruption, and makes
good business sense.
Our fees are
based upon time, expenses, and the size of the company.
- Hourly fees
with a minimum number of scheduled hours may be are offered in Maine and
portions of Florida. Otherwise, we offer a daily rate, inclusive of all travel
and related expenses, with one exception: If it becomes necessary to rent
conference space, the cost of doing so will be distributed evenly among the
- Rates will
vary depending on the number of parties involved in a dispute and on the
individual mediatorís fee schedule.
- All disputes
involving four or more parties will be co-mediated.
contact us for a quote and to review our agreements for services.
Thank you for your assistance in bringing this matter to a resolution." R.C.