Ownership and directorship in family businesses
In May and July of this year, the Spanish Supreme Court handed down two judgements in which the conclusion it reaches is that to benefit from the so-called “family business” regime, it is not...
Category: Family Business
Anticipating versus improvising
“The impact that improvisation may have on the business may lead to irreparable damage” Businesses (whether family-owned or not) need to be able to anticipate unexpected events such as the sudden absence (whether due...
The tax cost of improvising in family business successions
One of the main worries facing heirs upon succession to a family business is the tax cost of the transfer. Without prior planning—including a detailed analysis of the applicable legislation and available tax relief— when the time actually comes, there...
Contingency Plans for family-run companies: foresee vs. improvise
Any company, be it a family-run concern or not, is exposed to extraordinary events that affect the decision-making power within the company, which is why the capacity to react is vital in order to resolve the situation....
Underlying factors for success at cousin consortiums or “third generation” companies
Cousin consortiums tend to coincide with so-called “third generation” companies, i.e., companies owned or managed by the founder’s grandchildren. Studies across different national and international contexts have shown that only 15% of companies make...