Borrow more. Invest outside of the company.

a premature death, and they’re dealing with a document that’s 15 years

old, the company is not at the same value," he says. "Law

suits begin at that point."

just put a dollar amount on the company because it was worth very

little when they entered into the contract with the partner,"

says Silk.

the father coming to the son and saying I want you take over the business,

and he doesn’t want to do it," he says. "People wait a long

time when there’s a child or successor to be groomed, and they wait

until it’s too late. Or a parent who is running the business never

chooses the successor and it creates a war in the company."

says Silk. "People believe they really can’t plan because the

IRS changes their rules," he says. "The IRS doesn’t want you

to plan because as a default all the money goes to them. If there’s

a premature death, the IRS or state of New Jersey gets the lion’s

share of the assets."

Top Of Page
Renaissance Rx

A 16th century doctor named Paracelsus, an early pharmaceutical

pioneer, will be featured in a lecture "Renaissance Pharmacy"

to be presented by a 90-year-old historian, David L. Cowen,

on Wednesday, April 26, at 4:30 p.m., at 675 Hoes Lane West in Piscataway.

A Rutgers professor emeritus in the history of medicine and pharmacy,

Cowen is a Rutgers alumnus (Class of 1930) who has written more than

100 articles and several books. An annual lecture was established

by the Rutgers’ College of Pharmacy in 1989 to honor Cowen and this

year he will deliver that lecture himself. Following the lecture there

will be a reception and dinner. For reservations call 732-445-2675,

extension 605.

Paracelsus revolutionized the field of pharmacy by working primarily

with chemically created compounds rather than plants. Also to be covered

in the lecture: pharmaceutical therapies, the myths of pharmacy, artifacts

and tools of the trade, and pharmacy shops during the 15th and 16th

centuries.

During that period the "Einhorn" or unicorn was a prominent

figure. "The unicorn and its horn are still a symbol for a good

number of pharmacy shops in Germany today," says Cowen. "The

horn was said to be ground into a powder and used as a prime remedy

for almost every circumstance."

Top Of Page
Business in Asia

Learn how to do business in Japan, Korea, and Taiwan

at a half-day seminar on Thursday, April 27, 9:30 a.m. to noon in

the administration building at Mercer County College. The event is

sponsored in partnership with the state office of international trade

and the New Jersey Business and Industry Association.

Jose Gomez-Rivera III, acting director of the state office of

international trade and protocol, will give the keynote address. Trading

with Japan is the topic for Don K. Ueyama, senior trade advisor

of Japan’s external trade organizations. Oh Suk Kwon of the

Korea Trade Investment Promotion Agency and Bruce Fuh, of the

Taiwan Economic and Cultural Office will also talk about trading opportunities.

Cost: $20. Call 609-890-9624 (www.njbia.org).

Corrections or additions?

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