This post is the fourth in a series on Family Employment Policies. The beginning of a family employment policy should address what is necessary for a family member’s entry into the business. Earn Your Opportunity – A clear statement that family members must earn the opportunity to enter the business. A job in the family …

Every family business should establish “Rules of Engagement,” a policy for how family members will be permitted to participate in the family business. This often manifests itself in the form of a Family Business Employment Policy. As with other documents whose purpose is to guide the business, the time to prepare an employment policy comes …