Last week we meet with a number of CPAs, tax season was over. We talked about many things, their businesses, families and concerns. Many CPA firms are Family Businesses. Accounting is an information system. More precisely, it is the measurement methodology and communication system designed to produce selected quantitative data (usually in monetary terms) about [Continue Reading]
Mr. S Goes to Washington
Mr. Smith Goes to Washington is a 1939 American political comedy-drama film, starring Jean Arthur and James Stewart, about one man’s effect on American politics. It was directed by Frank Capra and written by Sidney Buchman, based on Lewis R. Foster’s unpublished story. Family Businesses, small to mid-cap firms would like the chance to address [Continue Reading]
Closely-Held Family Businesses Rise in Value
The Wall Street Journal reported in June, Some of the world’s richest people derive their wealth from closely-held business. At $3 trillion, private businesses controlled by “ultra high net worth” families are valued at a fraction of the world’s roughly $55 trillion stock market capitalization at the end of 2012, according to data from Wealth-X [Continue Reading]
Fractional Math, Thermodynamics and Family Business
The second law of thermodynamics is an expression of the tendency that over time, differences in temperature, pressure, and chemical potential equilibrated in an isolated physical system so as to result in the natural entropic dissolution of the system itself. Stated more simply, the energy of a system wanes over time if there is [Continue Reading]