Family Businesses
Our law firm’s expertise can ensure that the family business is set up with a strong legal foundation that minimizes the risks associated with family dynamics, fostering both stability and innovation.
Family Businesses
Family businesses differ from other types of businesses primarily because of the unique role that family dynamics play in their operations. Unlike non-family businesses, where decisions are often made purely based on professional considerations, family businesses must navigate the complexities of family relationships, values, and succession planning. The Family factor can also introduce challenges, such as conflicts between family members, issues of nepotism, and difficulties in separating personal and professional matters. Decisions may be influenced by family loyalty rather than strict business practices, which can sometimes hinder innovation or the ability to make tough, objective choices and decisions.
Our law firm can be instrumental in helping your family business navigate the challenges introduced by both the corporate and family factor.
We provide expert legal advice and guidance on building Corporate and Family Governance mechanisms, including:
Corporate Governance
- Solid and Transparent Corporate Structures
- Strong Board of Directors including Independent Directors
- Board Committees
- Shareholders Agreements
- Succession Planning
- Employment Policies
- Codes of Conduct
- Dispute Resolution
Family Governance
- Family Constitution
- Family Council
- Advisory Committees
- Family Committees
- Exit Plan
- Mediation
- Codes of Conduct
- Dispute Resolution
