The Family Business Issue

With half of all laboratory owners working with a relative, family businesses continue to thrive in our community.

  • How Two Family Laboratories Continue to Flourish

    The average longevity of a family business is 24 years,* but among the many in our community that have passed that mark are Town & Country Dental Studios and BonaDent Dental Laboratories, now clocking in more than six and seven decades, respectively.

    LMT Communications, Inc. Image
    LMT Communications, Inc.

    Mar 13, 2023 at 4:40pm

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  • Passing the Torch: Tips for Selling to a Family Member

    Like any business sale, selling to a family member is a major transaction and it’s essential to have a well-formulated plan for how the current owner will exit and the new owner will take over. This ensures both you and your relative are on the same page with each step of the process, provides...

    Laurel Carbonneau Image
    Laurel Carbonneau

    Mar 13, 2023 at 4:21pm

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  • 5 Smart Tips for Building a Successful Family Laboratory

    The tradition of family business is thriving in our community: according to a recent LMT survey*, 50% of you work with at least one relative—and this percentage has remained consistent throughout LMT’s 38-year history.

    Owning a laboratory with family members can be a rewarding experience...

    Kim Molinaro Image
    Kim Molinaro

    Mar 13, 2023 at 11:59am

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