Family Businesses
Family businesses have a different dynamic compared to any other business as family members can also be stakeholders in the business.
The main issues arising from having family members within the business are:
- Succession
- Governance
- Reorganisation
- Sale of your Business
- Family Agreements
- Family Constitution
- Share Options
- Family Trusts
- Employment
- Disputes
In most cases a lot of family run businesses don’t have any clear succession plans in place. This could purely be because:
- No one has thought of it until they want to retire
- There is no family member who wants to or is able to take over the family business
- There is a unwillingness to let go and hand over the business to someone else
What our commercial law solicitors can do to help you:
- Face the issues above
- Find solutions to the emotional and family bonds that prove hard to break
- Find the right legal and commercial solutions to meet your family needs
- Put solid succession plans and structures in place
The commercial law solicitor team at Myers Lister Price Solicitors are happy to talk to you about any legal enquiry. Please feel free to contact us on 0161 926 9969 and you will be put through to the desired department. Alternatively email us on info@mlpsolicitors.co.uk and one of our commercial lawyers will contact you.
