Family businesses are a vital part of the American economy, serving as a cornerstone of private employment, comprising nearly 60% of the workforce.
Despite facing challenges such as inflation, tax policies, and pandemics, family businesses have shown remarkable resilience. They continue to thrive, expand, and create jobs, serving as a significant force in the economy. This survey aims to explore the resiliency of family businesses in the face of various challenges and shed light on their strategies for success. By understanding the factors that contribute to their resilience, we can gain valuable insights into the dynamics of family businesses and their role in the economy.
Family Business Magazine recently published an article written by Pat Soldano, President, Family Enterprise USA where she details key points of the 2023 Family Business Annual Survey and the resiliency of family businesses.
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The need for fact-based reporting of issues important to family offices and successful individuals and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful individuals are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to family offices and successful individuals, while continuing to strengthen our presence on Capitol Hill.
Since 1995, Policy and Taxation Group has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income tax and capital gains taxes, the creation of a wealth tax, and other hostile tax policies that punish hardworking taxpayers and success.
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