Did you receive a tax refund this year? Recent data released by the Internal Revenue Service (IRS) shows the average tax refund amount is up $178 at the end of March 2024 compared to the same time last year.
The author discusses how running a business and a family unit with an eye toward diversification is the best way to ensure a family’s legacy and, ultimately, the enjoyment of the fruits of the family’s labor for generations to come.
When developing a succession plan for your business, you must make many decisions. Should you sell? Should you structure your plan to go into effect during your lifetime or at your death? Should you transfer your ownership interest?
In partnership with MacKenzie Corporation, First Bank’s Center for Family-Owned Businesses surveyed 552 respondents for its “2023 Family Business Survey”.
As a multi-generational, family-owned business, we’ve gained first-hand knowledge and experience in addressing the unique challenges family businesses encounter as well as recognizing the importance of stability, progression, and long-term perspective.
To help businesses ensure a seamless transition of leadership, here are some key considerations we’ve learned from our own experience.
Headquartered in Saint Louis, MO, St. Louis Metro Electric Supply, Inc., a wholesale distributor of electrical supplies and operator of several retail lighting stores, has been providing wholesale electrical and retail lighting solutions since 1967.