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 FAMILY BUSINESS SERVICESFamily business is a major economic force in America today. According to the SBA, the 24 million family businesses account for 89% of business tax returns, and employ more than 82 million people (or 62% of the workforce). But these closely held family-owned businesses have unique concerns and accounting requirements. The finances of the business and the family are often highly entwined. Often, the business represents a large share of the family's wealth and future security. Business loans are secured by personal assets. Cash flow has a major impact on the family's lifestyle. Because of these factors, it is especially important that family businesses have a relationship with an accounting and financial management firm they trust and feel comfortable working with - a firm that is compatible with the requirements and character of both the family members and the business. In our 50+ years, DB&B has come to understand the particular dynamics of the family-owned business. We take the time to build consensus among the stakeholders. We assign each client a dedicated team, so that we can come to truly know their family members, operations, and business and personal goals. Our objective is to build a lasting, trusting relationship so our clients feel comfortable asking us any question or turning to us with any challenge. DB&B assists our clients throughout the entire business life cycle, from formation and choice of an appropriate entity, through expansions and acquisitions, to succession planning and planning for transitions and sales. And should an unusual issue arise, DB&B's affiliation with PKF International allows our team to tap into the wealth of experience of other top tax practices around the world.
For more information on DB&B's Family Business Services, email info@dbbllc.com or call Bob Cherry at 315.471.9171. |