Family Business Hacks: Clear Roles
In many families, family members are treated equally—there's no hierarchy or codified structure. However, according to Offit Kurman attorney Mike Mercurio, bringing this mindset into a family business is frequently a trap. In this installment of Family Business Hacks, Mike talks to Denise O'Neill (President, The Alternative Board) about why family businesses need to clearly define roles and responsibilities.
ABOUT MICHAEL N. MERCURIO
email@example.com | 301.575.0332
Mr. Mercurio serves as outside general counsel to clients on matters related to corporate and business law, commercial transactions, government contracting, health care, construction services, and real estate. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on all aspects of business and commerce including formation and structure; ownership, management and control; financing and capital; expansion and acquisition; sale and transfer; and contraction and dissolution. He is well versed in the various issues and challenges companies of all sizes and industries face in the business life cycle including start-up, maturation and end stage considerations.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing, full-service law firms in the United States. With over 230 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well-positioned to meet dynamic businesses' needs and the people who own and operate them. Our offices serve individual and corporate clients in South Carolina, North Carolina, Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York.
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Whatever and wherever your industry, Offit Kurman is the better way to protect your business, preserve your family's wealth, and resolve your most challenging legal conflicts. At Offit Kurman, we distinguish ourselves by the quality and breadth of our legal services — as well as our unique operational structure, which encourages a culture of collaboration and entrepreneurialism. The same approach that makes our firm attractive to legal practitioners also gives clients access to experienced counsel in every area of the law.
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