Practical, real-world information about wills, estates, inheritance, executors, and elder law in Canada
Thursday, June 22, 2017
Sorry Bro, You're Out: How to Fire a Family Member Without Destroying the Family - or the Business
Posted by
Lynne Butler, BA LLB
When we plan for passing the family business down to the next generation, we often talk about "seeing how things work out" and "training a family member to take over". But what if the family member in question is not doing a great job, and is just not working out well at all. Now you're in a tough place. How do you fire someone in your own family? Can it be done without causing World War 3?
I found an article at www.entrepreneur.com that has some solid advice for business owners who are the awkward position of having to fire someone that he'll see around the Thanksgiving table. Click here to learn five tips you'll need if you're in that situation.
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