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  • Ricky S - OFC BP

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    Ricky Suanto
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    This document contains 3 paragraphs summarizing potential issues with family business succession planning: 1. The president's sons have worked at the company for 15 years but never agree, so the father should consider another successor instead of them or prepare a mentor for the sons first. 2. The president's son at another company constantly breaks policies with no consequences, so the president must enforce equal treatment and punishments for all employees including family. 3. Legal concerns for transferring a family business include defining owner and management roles after retirement, the ability of family members to work together, impact on income and environment during transition, retaining loyal employees, and tax consequences.

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    1200943966 - Ricky S - OFC BP

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    This document contains 3 paragraphs summarizing potential issues with family business succession planning: 1. The president's sons have worked at the company for 15 years but never agree, so the father should consider another successor instead of them or prepare a mentor for the sons first. 2. The president's son at another company constantly breaks policies with no consequences, so the president must enforce equal treatment and punishments for all employees including family. 3. Legal concerns for transferring a family business include defining owner and management roles after retirement, the ability of family members to work together, impact on income and environment during transition, retaining loyal employees, and tax consequences.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views1 page

    Ricky S - OFC BP

    Uploaded by

    Ricky Suanto
    This document contains 3 paragraphs summarizing potential issues with family business succession planning: 1. The president's sons have worked at the company for 15 years but never agree, so the father should consider another successor instead of them or prepare a mentor for the sons first. 2. The president's son at another company constantly breaks policies with no consequences, so the president must enforce equal treatment and punishments for all employees including family. 3. Legal concerns for transferring a family business include defining owner and management roles after retirement, the ability of family members to work together, impact on income and environment during transition, retaining loyal employees, and tax consequences.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    of 1

    ESSAY

    1. Bill and James Raymond have worked for their father’s company for 15 years. Their
    father, who is president and now wants to retire, wants his sons to take over the
    company. Bill and James have never agreed on anything. Should their father try
    another succession plan? Explain why
    2. The employees at Donnelly and Associates have noticed a case of favoritism toward
    the president’s son Jim. Jim constantly breaks company policy. The president is
    planning to retire in a few years. What should be done about the growing unrest in
    the company?
    3. Describe the legal concerns over family business succession citing the actual case
    that took place regarding this topic.

    1. Seharusnya sang ayah ketika ingin pensiun, memberitahukan terlebih dahulu kepada
    anak-anak mereka jika sang ayah ingin anaknya meneruskan perusahaannya, tetapi
    jika sang anak tidak pernah menyetujuinya maka sebaiknya, ayahnya
    mempersiapkan seseorang sebagai mentor terlebih dahulu untuk anak-anaknya dan
    tidak langsung melepaskan tanggung jawab begitu saja kepada anak-anaknya.

    2. Untuk mendukung pertumbuhan perusahaan, maka seharusnya president


    menerapkan kedudukan yang sama bagi setiap pekerjanya, tak terkecuali bagi
    anaknya. Ketika dia melanggar aturan, maka saat itulah dia perlu diberikan hukuman
    yang sama dengan para pekerja lain.

    3. Transfer to family member


    - Role of owner- full-time/ part-time/ retire.
    - Members able to work together?
    - Income.
    - Transition business environment.
    - Loyal employees.
    - Tax consequences.

    Created By :
    Ricky Suanto - 1200943966

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