Succession planning in family businesses
Money, power, rivalry, personal relationships, pride and intergenerational influences are just some of the factors that can bring about disputes in family businesses. As such, it is advisable to seek legal advice sooner rather than later when it comes to succession planning.
Sinéad Lester, partner in BDB’s commercial litigation team and Toby Richards-Carpenter, legal director in our corporate team, explain the benefits of involving solicitors at an early stage, as well as key considerations for a shareholders’ agreement in an article for ePrivate Client.
The full article is available to subscribers of ePrivate Client.