Family businesses face a very specific mix of legal issues. As well as the commercial issues common to every business, you also face more personal issues such as governance, the introduction of best practice, and balancing the needs of different family members and generations.
Our corporate team work extensively with family businesses of different sizes and in multiple sectors. We take time to learn about your family relationships as well as your business, and we then tailor solutions on all areas of law that may affect you.
Supporting your business in the round
With long experience of working successfully with family businesses and different generations of families, we know that a joined-up approach is required – combining a full range of corporate services with advice on areas such as:
- Inheritance tax planning
- Wills and trusts
- Managing succession.
As well as providing that holistic approach in our own advice to businesses, we have long experience of working successfully (and diplomatically) with clients’ other advisers, such as accountants, financial advisers and technical consultants.
A particular concern for many family businesses is succession planning. We can guide you through issues around the future management of the business, the ownership of the business, and the inheritance planning issues – always thinking about the commercial prospects of your business as well as the future needs of your family.