Family Owned Businesses

Our Expertise

We will help you formulate strategies for critical issues, such as management succession, ownership control, shareholder relationships, distribute wealth to benefit the family and the business, develop an effective board of directors, and implement strategies for growing the company while maintaining family control.

Dynamics of the Family Business System

• Integrating the strengths of families and businesses
• Preparing for predictable stages of the family business system
• Developing constructive family work relationships and shareholder relationships
• Managing conflict in business families
• Communicating effectively with family members
• Balancing the financial needs of the business and the family
• Adapting the practices of successful family companies and business families

Growing, Preserving, and Sharing the Wealth

• Implementing strategies for growing the company, while maintaining family control
• Distributing wealth and ownership to benefit the family and the business
• Raising children in wealthy business families

Governance

• Developing effective boards of directors and advisory boards
• Organizing family assembly and family council meetings
• Creating policies and plans for the family's involvement with the business
• Developing leaders in the family-business-ownership system

Succession

• Developing the next generation as effective managers, shareholders, and family members
• Managing ownership and leadership transitions
• Preparing the organization for future changes in management and ownership
• Taking charge and letting go of leadership responsibilities