Sunday, May 27, 2012
Keeping it All in the Family
|
|
 As baby boomers gray, hundreds of thousands of family-owned businesses are facing a major decision: What will they do with the business? Options abound: selling to investors, giving the business to children, bringing in outside management. In this Online Special Report, we take a look at what families need to consider as they decide whether and how to pass their businesses on.
 Meet Chicago's Berghoff Family, who after three generations has decided to close the 108 year-old restaurant that bears their name. Visit with the 14th generation of Zildjians to find out how they've managed to keep the family's cymbal business running for nearly 400 years. Our report also examines the generation ready to take control and offers a gallery of family-owned businesses that have stood the test of time. You'll find all this and more at www.businessweek.com/go/familybusiness.
|
Copyright 2005, Bloomberg L.P.
