In family businesses, personal relationships often amplify conflicts, making formal conflict resolution guideline or policies essential.  These guidelines separate personal from business issues, providing clear guidelines for managing disputes and preventing long-term damage.  Given the unique dynamics of family enterprises, conflicts can easily become personal.  A well-defined policy ensures disputes are handled constructively, preserving both […]

Effective communication is the cornerstone of any successful business, but in family enterprises, it plays an even more crucial role.  The unique dynamics of family businesses—where personal relationships intertwine with business decisions—create an environment where miscommunication can quickly lead to misunderstandings, conflicts, and even business failure.  Developing clear, timely, and effective communication strategies is essential […]

The IRS’s Individual Taxpayer Identification Number (ITIN) application process has recently become more challenging for Canadian taxpayers. As of September 22, 2023, Service Canada no longer embosses dry seals on certified copies of passports—a change that has led to numerous W-7 applications being rejected by the IRS. This is because the embossed seal was a […]