A family run business is typically one in which more than half the shares are controlled by members of the same family, or one that has been passed between generations.
There are clear advantages that come with running a family business, but there are also many personal and organisational challenges along the way which can be particularly difficult in ensuring that family companies survive through the generations.
In the UK, over 75% of businesses are family companies so a large percentage of our clients are affected. We therefore have a great deal of experience in dealing with problems that may arise and more importantly preventing problems before they occur.
No two family run businesses are the same, but with our in-depth knowledge built up through years of experience we can tailor our approach to suit the business and family involved.
Our aim is to work with you in the following areas:
- Creating a common vision
- Strategic planning
- Establishing a governance structure
- Succession planning
- Inheritance tax planning
We understand the importance of communication, and it is often critical to have an independent, but approachable advisor on hand to guide you through situations as they arise.