Building a Family Business Ep. 30: (How To Make Decisions With Shared Family Assets)

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In this episode, Wes & Brooks Powell discuss estate planning within transferring a business, implementing future financial goals into your current and future business plan, and the importance of over-communicating your family business transition plan to all family members.

2:08 Introduction
7:55 How to Make Decisions with Shared Family Assets
8:49 Intro to Majority and Minority Partnerships
9:55 Majority (50/50) Partnership Example
19:47 Minority Partnership Example
25:25 Minority Shareholder Potential Risk
29:25 Minority Ownership Key Points
34:35 Majority Ownership Key Points
38:39 Importance of Self Awareness
40:06 Money Resources
43:25 Takeaways

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