
Here are the ownership conversations you should have with your spouse and as a family.
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Lance Woodbury is an adviser to family-owned and closely held businesses, including farm businesses. He helps them plan for the future and implement ownership or management strategies that improve their effectiveness.
He also has an interest in his family's ranch near Garden City, in western Kansas.
From 1996 to 2009, Lance led the family-business-consulting efforts of the regional accounting firm Kennedy and Coe. He also managed several offices, led the firm's largest practice group, and served on the firm's management board and its human resource committee.
Lance earned his MBA from Purdue University, his MS in Conflict Analysis and Resolution from George Mason University, and a BA in History and Government from Sterling College. He is a graduate of the Kansas Agriculture and Rural Leadership program and holds a Certificate in Family Business Advising. Lance is a member of the Association for Conflict Resolution and is a Fellow of the Family Firm Institute.Here are the ownership conversations you should have with your spouse and as a family.
Here are the ownership conversations you should have with your spouse and as a family.
In family-farm and ranch transitions, valuable gifts accumulated over a lifetime are an integral part of estate-planning strategies.
Life is full of transitions. These ideas to help navigate business transitions and succession may prove helpful.
Sacrificial behavior is often expected in a family business. Consider types of sacrifices and how they apply to your family's company.