Article Tag: Family Business

Succession Planning: Make the Most out of Your Legacy

People sat around a table discussing succession planning for business

Research by Brewin Dolphin revealed that 47% of UK adults have never discussed passing on their legacy, while the National Bureau of Economic Research reports that only 12% of firms make it to a 3rd generation*. Unfortunately, by not taking professional advice on your succession planning, your family may pay out more inheritance tax on… Read more »

Managing A Family Business

Every business needs a formal structure to deal with management and control. Managing a family business is no different; working with your family can present some unique challenges and also some great opportunities. When you start your business, you may well have an informal management style, rather than a formal management structure. Some business strategists… Read more »