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It is unlikely you will see the worry on their faces. Yet, they know something is coming for them.<\/h2>\nIt came for people like Casey Roscoe, a former marketing executive for family-owned Seneca, a lumber company in Oregon, and Mark Peters, son of the founder of Butterball Farms in Grand Rapids, Michigan. It specializes in products made from butter.\u00a0\u00a0<\/h3>\n
You would never know they faced the fear of existential threat, but it\u2019s inside them, and yet they are the lucky ones. Hard work, a lifetime of risking their savings and some smart decisions allowed them to make it in America. So, why worry?<\/p>\n
You could ask George Bartell the same question, the former chairman of Seattle\u2019s own Bartell Drugs, the iconic 67-store chain founded in the Central District in 1890 by George\u2019s grandfather.<\/p>\n
The common thread between these three people is they own, or owned, a family business. Bartell\u2019s was sold to Rite-Aid two years ago.<\/p>\n
It could be a drugstore company, a coffee shop chain, a machine parts firm or even a newspaper. And, equally, they all know one day this family livelihood, often multigenerational, will likely have to be sold off and vanish forever. Why? It\u2019s a complicated and old story, but it often comes down to death and taxes. And, selling is often the only logical answer.<\/p>\n
Research shows that family enterprises make up $7.7 trillion of our annual GDP and represent 59% of the country\u2019s private workforce. Family businesses in America consist of 23.7% in manufacturing, 10.4% in construction\/facilities and 9.75% in real estate.<\/p>\n
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About Aspiriant<\/strong> [\/et_pb_text][et_pb_divider disabled_on=”on|on|on” _builder_version=”4.16″ _module_preset=”default” disabled=”on” global_colors_info=”{}”][\/et_pb_divider][et_pb_button button_url=”https:\/\/familyenterpriseusa.com\/2022-annual-family-business-survey\/” button_text=”Do You Have 5 Minutes To Help Your Multi-Generational Business?” button_alignment=”center” disabled_on=”on|on|on” admin_label=”Call to Action Button” _builder_version=”4.16″ _module_preset=”default” custom_button=”on” disabled=”on” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”FEUSA Statement” _builder_version=”4.17.6″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5910″ global_colors_info=”{}”]<\/p>\n
Aspiriant is one of the country\u2019s most respected independent wealth management firms. Many clients have created successful companies that have a significant impact on society, which has given them financial freedom. Aspiriant provides context and clarity to make informed and intentional decisions. A business plan crafted for their families\u2019 goals and legacies helps inform a very personal process. Unlike niche firms, Aspiriant gives clients access to experts in all areas of wealth management, including financial planning, investing, tax strategy, estate planning and more. Our specialists collaborate to orchestrate every aspect of our clients\u2019 complex financial lives for generations. Learn more about the Aspiriant client experience at aspiriant.com.<\/p>\n
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