Mike HenningMike Henning is the founder of the Henning Family Business Center in Effingham, Ill., and is the author of the Family Firm Advisor newsletter.ManagementHow to Divorce-Proof Your BusinessMarch 31, 2007Legal AdviceSteps For Passing on Your Family Wood Flooring Business• Determine if you will vote or use consensus.• Choose a simple issue to tackle first.• Look at the parameters and boundaries of the issue.• Make a rough draft of the policy and share it with others for suggestions and revisions. Rewrite the policy until it is accepted.• Make sure the policy wording includes a statement of family values, the intended long-term outcome and the policy itself.• Submit the policy to the leadership/governing body of the business for revision, approval and for legal consideration.July 31, 2003Page 1 of 1Top StoriesSurveys2026 Wood Floor Business Contractor SurveyHere are the results from our exclusive survey of wood flooring contractors.ManagementHow Online Quoting Saved My Sanity and My BusinessTechniquesHow We Did This Floor: A Mixed Media Floor Fit for a Texas CastleLegal AdviceWood Floor Pros: Legal Risks of Working for Friends and FamilyDesignEnter the 2027 Wood Floor Business Design Awards
