years, the business has grown to ab

years, the business has grown to
about $35 million in sales, nearly
four times the sales volume when
the daughters took over. Karen and









used their one-time estate tax ex-
emption to give $1.2 million worth
of the company to their daughters,
and they financed the balance with
a I0-year, low-interest loan.
The owners effected a success-
ful transition by avoiding dangerous
pitfalls in both leadership and own-
ership areas. In the intervening 14