[et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}”][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_button button_url=”https:\/\/www.ditchtheestatetax.com\/contact-congress-2\/” url_new_window=”on” button_text=”Have Your Voice Heard in Congress. Please Take Action Today!!!” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Call to Action Button” _builder_version=”4.19.0″ _module_preset=”default” custom_button=”on” global_colors_info=”{}”][\/et_pb_button][et_pb_button button_url=”https:\/\/www.ditchtheestatetax.com\/contact-congress-2\/” url_new_window=”on” button_text=”Join us in asking Congress to stop taking a lifetime of savings from multi generational businesses.” button_alignment=”center” disabled_on=”on|on|on” admin_label=”Call to Action Button” _builder_version=”4.19.0″ _module_preset=”default” custom_button=”on” disabled=”on” global_colors_info=”{}”][\/et_pb_button][et_pb_divider _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Content” _builder_version=”4.19.0″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n
\u00a0<\/strong>The struggles and successes of starting, transitioning a multi-generational family business, and giving back to communities, come to life in two new videos released by Family Enterprise USA.<\/p>\n The videos, hosted by Pat Soldano, President of Family Enterprise USA, spotlight Kent Thompson, President of Thompson Realty Group, Lincoln, Neb., and Larry Lippow, President and CEO of Lippow Development Co., Martinez, Calif.<\/p>\n [\/et_pb_text][et_pb_video_slider _builder_version=”4.19.0″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″][et_pb_video_slider_item _builder_version=”4.19.0″ _module_preset=”default” show_image_overlay=”off” src=”https:\/\/www.youtube.com\/watch?v=r3vOXxKOq_Q” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_video_slider_item][et_pb_video_slider_item _builder_version=”4.19.0″ _module_preset=”default” show_image_overlay=”off” src=”https:\/\/www.youtube.com\/watch?v=oH39tYJBCS0″ hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_video_slider_item][\/et_pb_video_slider][et_pb_text admin_label=”Content” _builder_version=”4.19.0″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n Thompson, interviewed from his home in Lincoln, details how his 33-year commercial realty company has grown from its small Nebraska beginnings to owning and operating 60 commercial buildings from Denver to Chicago.<\/p>\n Twice a year we have family meetings, and we review our family trust agreements with family members and spouses,\u201d said Thompson. \u201cWe want family members actually engaged in the business and community. We prefer to help build things locally, rather than take beach vacations. We feel very rewarded by these experiences.\u201d<\/p>\n As part of its far-reaching community involvement, the Thompson family has built schools and other projects in the Caribbean, Latin America, and Africa.<\/p>\n Lippow Development\u2019s Larry Lippow, a third-generation commercial real estate family business owner, is readying the reigns for the fourth generation.<\/p>\n We train our next generation of family leaders to understand that we are the stewards of the family legacy, so they can train the fifth and sixth generation in the same way,\u201d said Lippow, from his office in Martinez, east of San Francisco. Lippow\u2019s business, founded over 100 years ago by the CEO\u2019s grandfather Leo Lippow, is the oldest operating business in the city. The company owns and operates properties in California and Arizona.<\/p>\n We are not big, but we are three generations strong, but we want our multi-generational business to thrive, and high taxes worry us,\u201d said Lippow. \u201cThat is why we are diversifying and moving our business into other states. We will never leave California, but we look at our high taxes, and estate taxes, and they are a real challenge for us going forward.\u201d<\/p>\n America\u2019s family businesses represent 59% of the country\u2019s private workforce, or some 83.3 million U.S. jobs, research shows. In a recent survey by Family Enterprise USA, it was found family businesses in America consisted of 23.7% in manufacturing, 10.4% in construction\/facilities, and 9.75% in real estate.<\/p>\n \u201cWe hope these multi-generational family business stories help bring to life the stories of America\u2019s family businesses,\u201d said Soldano, who is also President of the Policy and Taxation Group. \u201cThere are many challenges multi-generational family businesses face just trying to survive,\u201d she said. \u201cToo often estate tax bills force families to sell, income taxes drive business out of state, and over-regulation make family businesses uncompetitive. These videos are designed to bring some of those struggles to light.\u201d<\/p>\n To watch the full interview with go to: www.youtube.com\/@familyenterpriseusa5848<\/a><\/p>\n If you have a family business and a story to tell about your success and\/or challenges go to www.familyenterpriseusa<\/a> and visit the Family Business Stories page<\/a>.<\/p>\n [\/et_pb_text][et_pb_text disabled_on=”on|on|on” admin_label=”Credit” _builder_version=”4.19.0″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/www.bhfs.com\/insights\/alerts-articles\/2022\/post-midterms-analysis-11-18″ link_option_url_new_window=”on” disabled=”on” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][et_pb_button button_url=”https:\/\/familyenterpriseusa.com\/2022-annual-family-business-survey\/” button_text=”Have Your Voice Heard in Congress. Please Take Action Today!!!” button_alignment=”center” disabled_on=”on|on|on” admin_label=”Call to Action Button take survey” _builder_version=”4.19.0″ _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_divider disabled_on=”off|off|off” _builder_version=”4.17.6″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Become a member text” _builder_version=”4.18.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5822″ global_colors_info=”{}”]<\/p>\n As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.<\/p>\n The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That’s why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC are high Income Tax Rates, possible elimination of Valuation Discounts, increase in Capital Gains Tax, enactment of a Wealth Tax, and the continued burden of the Estate Tax (death tax), and with the possible elimination of Step up in Basis.<\/p>\n [\/et_pb_text][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″ saved_tabs=”all” global_colors_info=”{}”]<\/p>\nOur thanks to Brownstein Hyatt Farber Schreck for this report. <\/strong><\/h3>\n
For a more in-depth look at these results as well as what Brownstein thinks comes next, please click.<\/strong><\/h3>\n
We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\n
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