Creaghan McConnell Group - the family capitial company
What does it mean for business families to
‘transition their capital’ to future generations?
Understanding the various funding options is
critical in meeting each family’s liquidity needs.
CMG insights on business families
Research & commentary
Another NFL season brings 32 family businesses into the spotlight
The NFL’s very precise ownership rules have long focused on concentrated ownership amongst individuals and families for its 32 franchises. The league doesn’t want any big corporate entity owning a team. As a result, the NFL is basically a community of family-owned enterprises...
Samsung’s massive inheritance tax problem
Success never seems to come without challenges – and for the Lee family in Korea, there have been many. And, with the recent passing of Lee Kun-hee, his family and the Samsung empire face yet another challenge: an inheritance tax bill of nearly $11 billion USD...
What if you could test drive your estate plan to ensure it really works?
Imagine this scenario. All of the estate documents are prepared. You've got the right people in place to fulfill the key executor and trustee roles. Covered all the bases. Or at least it seems that way. What could possibly go wrong?...
Covering estate taxes with charitable tax credits
As one of Canada’s largest auto parts wholesalers, finding mutual wins had been Nilam Patel operating style with customers for years. But he wanted a different win-win this time. This one involved planning his charitable legacy, while at the same time covering the tax burden on his estate...
Business family stories
Merck's commitment to family governance
In a series of updates to our original story, we explore some of Merck's best practices in more detail. Our first instalment focuses on family governance structures – and how Merck has used these to cultivate (and sustain) unity and stability within the family...