Trust, Estate, Governance & Family Planning
In an owner-managed business, decisions get made quickly because ownership and management sit in the same hands. As the family and the business both grow, that speed starts to go. Different generations want different things, and disagreements follow.
Why continuity plans fail
Family values and a long view are what hold a continuity plan together. But as families grow in number and in wealth, the foundation often weakens, usually because there is no structured way for the key people to talk to each other.
Most businesses do not survive into the third generation of ownership. The reason is rarely the market. It is that the next generation was never prepared for what a larger business demands of them.
How we work on it
We have worked through questions of ownership, rights and responsibilities, how capable individual family members are as managers, and what strategy genuinely suits both the business and the family. That includes succession matters for Hindu Undivided Families.
The usual outcome is a business that moves from family owned and family managed to family owned and professionally managed, with the goals of the business and the personal needs of family members kept in balance.
Talk to us about trust, estate, governance & family planning
Send us a note and we will get back to you soon. You can also call between 11:00 and 18:00, Monday to Saturday.