Eight family-owned businesses have joined the Family Business Association of California in recent months, increasing the strength and effectiveness of the only organization devoted solely to advocating for family businesses in Sacramento.
“Now more than ever, family businesses need to stand together as the Legislature and the regulators continue to impose new requirements that make it more difficult for these firms to remain family-owned,” said Robert Rivinius, FBA’s Executive Director.
“While family businesses have a great track record of supporting their employees and giving back to their communities, only about 30 percent survive into the second generation, 12 percent to the third and just 3 percent to the fourth generation and beyond. FBA was founded to be an aggressive advocate for family businesses and we’re extremely pleased that these companies have joined.”
In alphabetical order, the new members are:
- Acorn Surfaces and Treatments, a first-generation Fresno-based company that provides concrete treatments and solutions for its customers.
- Allied Managed Care, a medical case management company founded in 1995, and Acclamation Insurance Management, a third-party insurance claims management firm launched in 1989. The two second-generation, Sacramento-based companies are owned and managed by the same family.
- Ceronix, Inc., an Auburn company that is the leading U.S. developer and manufacturer of custom color monitors and circuit boards, primarily for the gaming industry. Its first-generation founder launched the company more than 30 years ago.
- Flyers Energy, which is one of the largest commercial fueling providers and Mobil lubricant marketers in the nation. The Auburn-based company, founded in 1979 by four brothers, also produces renewable energy.
- Haney Business Ventures, a Rocklin-based business and management consulting firm dedicated to helping entrepreneurs grown their businesses.
- River City Bank, a Sacramento-based bank founded in 1973 and has 12 branches in the Greater Sacramento Area and a commercial banking office in Walnut Creek. Its chairman is a second-generation member.
- Skyline Self Storage, a Susanville company that operates two self-storage facilities and is run by first- and second-generation family members.
- Taylor Farms, a Salinas-based fresh produce processor and packager founded in 1994 that has grown to have 12,000 employees and sales of more than $3 billion per year.
As an example of the obstacles family businesses face, Rivinius noted that legislation was introduced this year that would create a new California estate tax to replace the federal tax being considered for elimination. While the bill is currently on hold, its author has stated it will be brought back in 2018 if federal tax laws are changed. Estate taxes are one of the biggest obstacles in allowing businesses to remain family-owned from one generation to the next.
About the Family Business Association of California (FBA): Founded in 2012, the Family Business Association of California is the only organization working exclusively at the Capitol to educate lawmakers and regulators about the importance of family businesses to the state’s economy and to their communities. For more information, visit www.myfba.org.