In many ways family businesses are similar to other commercial organisations who face many of the same opportunities and obstacles. However, it is important to consider the specific issues faced due to family businesses' unique mix of family and business.
Family businesses represent a significant proportion of the world economy.
However, only a small percentage of them survive for more than one generation. This is because family businesses experience problems unique to the nature of their ownership which inevitably take their toll. The successful family businesses of Europe have paid careful attention to these issues and have taken time to develop suitable structures and procedures that work for them. Family businesses should bear in mind that, whilst the problems they may be facing are unique, the vast majority of family businesses will have to face the issues we have outlined at one time or another to ensure their continued success. We have a dedicated family business team with in-depth, specialist experience in dealing with issues at the heart of all family businesses, as well as the more traditional financial and tax advice that family businesses need.