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Vol 23 No 5 May/June 2018

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Advising the Family Owned Business

ISBN13: 9781846615573
Published: December 2016
Publisher: LexisNexis Butterworths
Country of Publication: UK
Format: Paperback
Price: £85.99

In stock.

Advising the Family Owned Business offers practical advice to lawyers (usually solicitors in small and medium-sized practices) on dealing with family business clients.

No business starts as a family business. It becomes one when changes need to be made to the structure or ownership of the business. Such businesses are the backbone of the British economy. Problems are often rooted in family issues rather than commercial issues and therefore advisors, be they legal financial or management need to be attuned to some of the complex family issues as well as the commercial issues.

The International Centre for Families in Business (ICFIB) which advises family businesses working alongside lawyers and accountants has seen a marked increase in interest from law firms in the family business sector. It is an area of business highlighted by the Coalition Government as a growth sector, and collaborative law is also on the government’s agenda.

The purpose of this book is to offer practical advice to lawyers (usually solicitors in small and medium-sized practices) on dealing with family business clients. It will also explain the dynamics of a family business and why they should be approached in a different way to other corporate entities.

Company Law
Part A - The Family Owned Business and its Dynamics:
Chapter 1 - An Introduction to the Family Business
Chapter 2 – Themes
Chapter 3 - Tools models and Theories
Part B - Business Matters:
Chapter 4 - Tax Basics and the Family Business Structure
Chapter 5 - Employing Family Members
Chapter 6 - Non-family Employees
Chapter 7 - Management Succession
Chapter 8 - Directors’ Duties
Chapter 9 - The family Business Name
Chapter 10 - Property and the Family Firm
Part C – Ownership:
Chapter 11 - Ownership Overview
Chapter 12 - Selling the Family Owned Business
Chapter 13 - Family Business Partnerships
Chapter 14 - Family Business Trusts
Chapter 15 - Ownership Succession
Part D - Family Matters:
Chapter 17 - Governance and the Family Owned Business
Chapter 18 - The Family Business and Marriage
Chapter 19 - Inheritance Disputes
Part E - Family Business Disputes:
Chapter 20 - Family Business Shareholder Disputes – Overview and Key Issues
Chapter 21 - Unfair Prejudice and the Family Company
Chapter 22 - Just and Equitable Winding Up
Chapter 23 - Derivative Claims and the Disgruntled Family Member
Chapter 24 - Shareholder Disputes – Remedies, Reasonable Offers and Costs
Part F - The Family Business Advisor: Chapter 25 - Process Consulting and the Role of the Family Business Consultant
Chapter 26 Advising the Family Business Client
Appendix 1 – Glossary
Appendix 2 - The family business movement