Video Series Explores Struggles, Successes of America’s
Largest Private Employer, Family Businesses
BETHANY, CONNECTICUT, UNITED STATES, October 19, 2022 /EINPresswire.com/ — Laticrete International Inc., a third-generation family-owned business and chief in the development trade, has discovered a brand new management strategy for the 65-year-old firm, and it’s outdoors the household.
In a brand new video by Family Enterprise USA, Laticrete Chairman David A. Rothberg particulars how throughout the pandemic a call was made by the household to carry in non-family members to helm the corporate and information it into the long run.
In a wide-ranging dialogue on household business administration, Pat Soldano, President, Family Enterprise USA, and its sister group, Policy and Taxation Group, each based mostly in Washington DC., spoke with Rothberg about his household’s world firm.
Laticrete, based mostly right here, has 2,000 workers with 24 amenities around the globe. The firm was based by Dr. Henry Rothberg, a chemical engineer, who created a brand new system for putting in tile. The firm now specializes in adhesives for tile, masonry and stone set up and care, resinous and ornamental flooring finishes, concrete development chemical compounds, and concrete restoration.
In the video, Rothberg touches on bringing in outdoors administration, the corporate’s Evergreen Commitment to all the time be a family-owned business, its multi-generational workers, the crucial points going through household companies, and managing a business that operates in over 100 international locations.
“Our family, and the next generation, is very much involved in the business, but our goal is to have parallel governance for our company, both with the family, but also with outside advisors,” stated Rothberg. “We want to create structures that affectively deal with many ethical and business issues that come up and we have a forum to handle both points of view,” he stated.
America’s household companies characterize 59% of the nation’s non-public workforce, or some 83.3 million U.S. jobs, analysis exhibits. In a latest survey by Family Enterprise USA, it was discovered household companies in America consisted of 23.7% in manufacturing, 10.4% in development/amenities, and 9.75% in actual property.
“This video series is all about telling the stories of America’s family businesses,” stated Soldano. “There are many challenges multi-generational family businesses face just trying to survive,” she stated. “Too often estate tax bills force families to sell, and over-regulation makes family businesses uncompetitive. These videos help bring some of those struggles to light.”
To watch the complete interview with Laticrete Chairman Rothberg go to: https://www.youtube.com/watch?v=fHIxWaTwK64&t=0s
If you might have a household business and a narrative to inform about your success and/or challenges go to www.familyenterpriseusa.com to submit them to us on the Contact web page
About Family Enterprise USA
Family Enterprise USA promotes household business and job creation, development, viability, and sustainability by advocating for household companies, their lifetime of financial savings, and the problems they face operating their companies each day. The points we struggle for or in opposition to with Congress in Washington DC are excessive Income Tax Rates, doable elimination of Valuation Discounts, enhance in Capital Gains Tax, enactment of a Wealth Tax, and the continued burden of the Estate Tax (loss of life tax), and with the doable elimination of Step up in Basis. Family Enterprise USA represents and celebrates all sizes, and industries of household companies and multi-generational employers. FEUSA is a 501.C3 group. www.familyenterpriseusa.com
Pat Soldano
Family Enterprise USA
+1 714-357-3140
[email protected]
