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Sharing The Wealth

How much is too much . . .or too little?

This story appears in the October 1998 issue of Entrepreneur. Subscribe »

Nailing down salary amounts for employees is no simple task for any business owner--but for family business owners determining pay for relatives, it can be especially difficult.

"That's because crafting an appropriate compensation package [for] a relative is an art. Emotion gets mixed into the numbers," says Linda Wood, senior consultant in the human resources branch of public accounting firm Tofias, Fleishman, Shapiro & Co. in Cambridge, Massachusetts.

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