The situation
A successful family owned and operated business wanted to transfer stock to the children of the owners but was concerned about potential interference from children not active in the business. The company turned to Murray, Plumb & Murray who created non-voting stock that was transferred to the children not active in the business.
The result
The family was pleased to be able to include all children as owners, to allow all children to benefit from the company’s success, and to ensure that those not active in the business could not disrupt operations.