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Evaluate alternatives for financing the growth of the family business in light of this financial dilemma.

Read the Financing Growth at Smith, Inc. case found on the student website.
Write a 1,050-to 1,750-word paper that includes the following:

• Describe the financial management issues facing Smith, Inc.

• Recommend a compensation structure for the four Smith children and for the non-family employees. Defend your positions. What are some of the issues that arise in a family business when it comes to compensating family members?

• Discuss the issues the family faces in their business because of the loan denial.

• Evaluate alternatives for financing the growth of the family business in light of this financial dilemma. Determine which option is the most advantageous

Solution:

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