Knowing where your wealth lies and considering how you intend to transition and share it with the next generation in a family business transition can be complex. Take the time to get it right, discuss it with your family, and…
Wealth Allocation: Hold, Divide Or Multiply?
What choices do you have if you believe the members of the next generation simply cannot get along? The wealth allocation strategy may come down to involve hold, divide or multiply. Active Knowledge Question: Have you thought about what you…
Wealth Allocation: What Should Be In A Shareholders’ Agreement in A Family Business?
In drawing your shareholders’ agreement in a family business, you should consider the relationship you are trying to build and sustain between your shareholders. And how that relationship will support your family business succession goals. In this respect, regard should be…
Wealth Allocation: Who Should Be Shareholders Of The Family Business?
Care must be taken in ensuring that the intent of all the shareholders in the family business is aligned with the family members charged with managing and growing that business. Failure to do so could break the family business apart.…
Wealth Allocation – Who Should Own The Business?
If your family business succession plans call for one or more businesses to be retained and transferred along family lines, then a key question that must be asked and answered is, ‘Who should own these businesses?’ Dividing up ownership of…
