Small businesses are usually owned by families. In fact, family members have the majority of the ownership in 80% to 90% of all of the businesses in the United States. Family businesses are the fastest growing segment of the US economy. Family businesses play an important role not only to the economy, but to the society as well.
The family run business is somewhat different than the corporate run business because families live and have roots in a community. They respect the members of the community and profits are important but not the only factor. Our team of experts has hundreds of years of combined experience with closely held and family-owned business management and planning. We specialize in managing the unique challenge that is inherent to family owned/closely held companies.
We are amongst the leading sources of expertise in guiding your family owned and closely held businesses through the challenges that growth and changes can bring. We are in the position of providing an innovative approach to the family owned and closely held businesses.
Family owned businesses may come in all type of shapes and sizes. However, the most successful ones adhere to a set of management tactics and they also adhere to strong advice provided by reputable CPA firms that offer a variety of services such as the CSI Group, LLP.
We are leaders and we have been the leaders in assisting small business owners and family run businesses. As experts in the field, not only will we assist you in providing help that you need to run your business today, but we will assist you in creating a succession plan so that your family and future generations can make strategic decisions. Family run businesses survive when the older generation passes the torch to the next by passing along the principles, knowledge, expertise and personal network over the course of many years.
We, at the CSI Group, LLP, know this end of the business very well since we practice what we preach. We are also a family owned small business. If there are other purposes beyond profit, our firm is uniquely positioned to assist our clients in finding that purpose. Very often, we have seen founders of family owned businesses envision other purposes for their organization other than simply making money. It has been our experience that the best managed businesses are passionate in what they produce or the services they render. Owners also focus on helping people live better and in return, the community answers back by helping them in making additional profits.
Solutions for your business- As we have done in the past, we will deliver many essentials that most family owned and small businesses need such as: