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Prairie Family Business Hosts North Dakota Forum

2016-10-17T14:48:33-05:00September 28, 2016|Member News|

MOORHEAD, Minn. -- The Prairie Family Business Association recently hosted its annual North Dakota Family Business Forum at Concordia College in Moorhead, Minnesota, which was attended by 95 family business leaders and family business advisors. The presentations: Featured keynote speaker Phil Clemens presented the seven destructive traps of family business and described steps to avoid [...]

PFBA Overview Video

2017-04-20T13:56:05-05:00June 26, 2016|Video|

Learn about what features and benefits Prairie Family Business Association has to offer its members - from the Annual Conference is the #1 networking event in the region with national and local speakers, consultants, and valuable information - to monthly webinars, networking, and more!

Keeping a Family a Family and a Business a Business

2017-05-19T16:34:19-05:00May 24, 2016|Q&A, Sponsor Insights|

By: Carolyn A. Thompson, Founder Thompson Law, PC, Sioux Falls, SD Every prudent business family should schedule a consultation with a good business succession lawyer so that they can begin discussions on how to keep their family a family and their business a business. Waiting until they "have time," or "have it all figured out," [...]

Executive director helps guide family businesses

2017-05-19T16:34:19-05:00May 24, 2016|Local News, Q&A|

Stephanie Larscheid This week’s Monday Q&A features Stephanie Larscheid, executive director of the Prairie Family Business Association. Question: Tell us a little about yourself. Answer: I grew up on our family’s farm outside of Algona, Iowa, where my dad is a third-generation family farmer. My undergraduate degree is from Iowa State University, and [...]

Q&A with Tom Madison, CFA, CPA – Eide Bailly

2017-05-19T16:34:19-05:00May 10, 2016|Q&A|

A question from conference keynote Jolene Brown's presentation: How can the family business owners be "the bank" for a buyout? What are the tax benefits? A: The primary tax benefit for serving as “the bank” is the ability to defer capital gains tax over the period in which installment payments are received. Generally when considering [...]

Craig Lloyd gets ready for ‘rewirement’

2016-04-26T09:23:36-05:00November 18, 2015|Local News, Member News|

The first Craig Lloyd development was built with scrap lumber more than 60 years ago in the dirt of western North Dakota. The contractor was 4 or 5 years old. “We’d go around to wherever we could find used lumber, and we’d build huts,” said Lloyd, whose family was in the lumber business. His grandfather [...]

Prairie Family Business Association Hires New Director

2017-11-14T12:00:59-05:00November 13, 2015|PFBA|

The Prairie Family Business Association that helps family businesses succeed in South Dakota, North Dakota, Nebraska and Minnesota a has hired a new executive director. “Stephanie Larscheid brings significant talent, experience and energy to the organization,” said Venky Venkatalachlam, dean of the University of South Dakota Beacom School of Business. “She has excellent strategic perspective [...]

Association Serves Unique Needs of Family Businesses

2017-11-14T12:06:49-05:00October 27, 2015|PFBA|

Denise Tollefson and her brother, Richard Anderson, attended a conference in South Dakota a few years ago hosted by the Prairie Family Business Association, an outreach nonprofit based out of the University of South Dakota. Tollefson, whose family owns and operates Serenity Assisted Living in Dilworth, said she and her brother weren’t sure they really [...]