Family businesses

Building a family business and passing it on to your children can be enormously rewarding, but may present ownership and management challenges.

Family businesses
ARTICLE

Family businesses - overview

Building a family business and passing it on to your children can be enormously rewarding, but may present ownership and management challenges.

Man and a woman linking arms in front of a family textile business
Article

Employing family members

Employing family members within the business can create tensions. Encourage family and workplace harmony, to bring commercial and personal benefits.

Man and a woman stood at the front of a family dry-cleaning business
FAQs

Family businesses FAQs

Advantages of using family members as employees and directors include high levels of commitment, sense of shared values, and a long-term perspective.