0109 Family Business Issues

Part of the Entrepreneurship Section of the CEA Curriculum


Family businesses present many unique problems and opportunities. This course describes the kinds of family dynamics that can impact an advisor’s effectiveness.  The ten key family business issues are covered in depth, as are emerging issues in family business operations.  Different entity types and their tax and governance features are discussed. Control patterns, emotional quicksands, generational issues and the boundaries necessary for effective governance are covered.

The course discusses  how family businesses offer many challenges in dealing with compensation, employee benefits, health insurance, vehicles, loans to owners, below market interest loans and succession planning.

Family limited partnerships are often involved in closely held businesses. The course discusses the ins and outs of a family limited partnership, including the advantages, disadvantages, gifting issues, estate planning and taxation issues.



After completing this course you will :

  • Understand how advisors can be effective within family business situations,
  • List the 10 key family business issues,
  • Define the issues inherent with compensation, benefits, and owner loans,
  • Explain how family limited partnerships can be useful in family business environments.


Course Curriculum

Understanding Family Business Issues 00:02:00
Emerging Issues with Family Businesses & C Corp Compensation 00:09:00
S Corporation Compensation Issues 00:05:00
Corporate Governance 00:05:00
Hiring Family Members in the Business and Employee Benefits 00:04:00
Non-Taxable Employee Benefits 00:02:00
Health Insurance and Automobiles 00:13:00
Loans to Owners 00:05:00
The Adequate Interest to be Paid 00:06:00
Family Limited Partnerships 00:08:00
Other Key Family Business Issues 00:03:00
Quiz – Family Business Issues 00:09:00
Family Business Issues – Final Exam 00:10:00
Course Evaluation
Course Evaluation – Family Business Issues 00:00:00

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  • Price Options +
  • 1 year
  • Course Badge
  • Course Certificate
  • Program Level: Fundamentals/Beginner

    81 minutes | CPE = 1.5 units

    Field of Study: Business Management & Organization

The Small Business Research Institute is a non-profit corporation committed to advancing small business success.

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