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Last Update: Friday September 17, 2021

How does a family-owned business incorporate family members as the company grows?

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Brace Yourself for Stress

3:10 | Register or Log in | Become a Member

Working with family can be good and bad. When Mr. Fluker decided to retire, he turned over the reins and ownership of Fluker Farms to his children, David, Howard and Diane. It was up to them to figure out how to make it work.  Howard admits that things aren't always smooth.

Pass Ownership Formally

1:51 | Register or Log in | Become a Member

Mo wanted to officially make Cindy an owner. To do that, she changed her legal form of business from a sole proprietorship to a corporation. Cindy started buying stock in the company in 1975 through payroll deductions.   More...

Develop New Products to Develop New Leaders

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David LanCarte developed the salsa business so the Joe T. Garcia brand is now on grocery shelves.  Now that is near perfect timing! Today the US consumes  more salsa than ketchup!.

Hire Family

3:36 | Register or Log in | Become a Member

Irene and Lupe Fraga's three children have worked their way up in the organization.  Today Alisa Fraga does human resources.  More...