Expert Responses

We are a £12million turnover, third generation family business that is looking to bring in a non-family member as our Managing Director. What issues should we be aware of when bringing a non-family member in to run the business?

There are a number of important areas to consider for a family business that is embarking on the introduction of a non-family MD for the first time. more >

I work with my brother and 2 cousins. We get on really well but one of them has suggested that we introduce a shareholders agreement. We all own shares that have been passed down to us and have never fallen out before so why do we need one?

Shareholders agreements are extremely useful documents as they distil practices and processes that are to be followed in the event of an issue arising. Whilst these may be no issues at present it is considered best practice to have one in place to prevent heartache down the line more >

Should our family business have a business plan?

Every business should have a business plan: if you don’t know where you’re going, it will be difficult to reach your destination. more >

We are looking to bring in outside investment to help us finance the growth and expansion of the family business. What demands will be placed on my business by the venture capitalists and what can they bring to the table?

Any outside investor will have their own reasons for taking shares in your company, and before taking anyone on board you should clarify and learn as much as you can about what expectations the investor will have of you and your fellow shareholders. more >

We are looking to bring in outside investment to help us finance the growth and expansion of the family business. What demands will be placed on my business by the venture capitalists and what can they bring to the table?

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What are the main pitfalls to be aware of when working in a family business?

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What are the biggest barriers to the succession planning process?

This is a complex question that is often not given the due consideration that it deserves. more >