Business Families and Family Businesses

Erscheinungsjahr 2009
ISBN: 978-1-905783-25-0
Verlag: Globe Law and Business Ltd

Buch, Englisch, 279 Seiten, Format (B × H): 160 mm x 240 mm, Gewicht: 623 g

The resilience of family businesses has been evident from their success over centuries and across continents. It remains common for practitioners to advise families whose principal source of wealth is or has been a successful family concern, and to provide guidance on the specific and complex relationships and issues that arise in this context.

This new guide, edited by the Society of Trust and Estate Practitioners (STEP) (www.step.org), features chapters by leading practitioners in the field, including the Family Firm Institute, HSBC Private Bank, Boodle Hatfield and SandAire. The book considers what makes business families and family businesses unique, and examines the issues that advisers are often called upon to address when assisting them. It helps practitioners to deepen their understanding of how families operate, and to develop the skills and knowledge necessary to advise on such complex areas as conflicts between working and non-working family members, structure, succession, wealth management, governance and meeting a family’s philanthropic objectives.

Zielgruppe

The guide provides a comprehensive handbook for all practitioners who advise business families, including lawyers, accountants, financial advisers and wider family business advisers.

Autoren/Hrsg.

Macdonald, Ian

Sutton, Jonathan

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Kleine und Mittlere Unternehmen
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Selbstständige & Freiberufler
• Rechtswissenschaften Ausländisches Recht Common Law (UK, USA, Australien u.a.)

Inhaltsverzeichnis

Society of Trust and Estate Practitioners (STEP) Preface Foreword Part I: Setting the scene Family businesses and business families Part II: Advising the family business Roles, relationships and responsibilities Understanding the business family Building a family business advisory team Philanthropy and private foundation readiness Part III: Stages of the family business Establishing and growing the family business Structuring the family business Preparing for transfer of ownership Rewarding and incentivising non-family directors and employees Part IV: Succession, reconstruction and reorganisation Succession planning Entrepreneurs within the family: encouraging entrepreneurship and innovation Preparing the successor generation Part V: Governance and management Governance and management Part VI: Extracting wealth from the business Extracting wealth from the family business Selling the family business Part VII: Tools and techniques Conflict management and dispute resolution Estate Planning Managing succession managing wealth A 10-step programme for protecting family wealth About the authors