Business Case Studies & Business Publications

LG Investments, LLC: A Family Business i...

Hess, Edward D.

Case

LG Investments, LLC: A Family Business in Generational Transition (A)

Hess, Edward D.

ENT-0123 | Published September 24, 2009 | 3 pages Case

Collection: Darden School of Business

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This case could be used in courses about entrepreneurship and managing small businesses. The founder and patriarch of a family business is confronted by his children regarding succession, equitable distribution of money from the business to nonworking family members, and nepotism. The transition from first- to second- and third-generation involvement creates major challenges to family harmony and the business beyond the life of the founding generation. The B case (ENT-0124) examines these issues further.

Understand how to deal with generational transitions, siblings, and intergenerational financial equity within a family business.