In the feature article of this issue of Owner to Owner, we sit down with Ward and Nico Landrigan, the father-son duo behind fine jewelry lines Verdura and Belperron, to discuss Ward’s acquisitions of the two brands, Nico’s decision to join the family business and their approach to handling communication. To learn more about the Landrigans’ journey to family business ownership, watch this video.
In addition, Travis Dunn and Nicholas Maglio provide an overview of family business advisory boards and discuss their benefits, composition and steps for getting started. Finally, Brett Sovine looks at section 6166 of the Internal Revenue Code, which in certain situations permits the executor of an estate to defer federal estate tax on a closely held business following an owner’s death.
As always, we review the overall economy, credit markets and private equity and mergers and acquisitions markets.
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