Category Archives: Family Businesses

Tax is always a concern for a family business. There is an argument that family members are more concerned about tax than professional management within a larger business. This is because any tax payment ultimately comes from the family’s pocket.

How to determine the best tax strategy for a family business

Graeme Blair - Partner - gblair@goodmanjones.com

Posted on 18th June 2019

Categories:

Family Businesses

It’s never too soon to plan for the future. Not to mention for the unexpected: illness, death, and life-stage changes such as the birth of children can suddenly change the equilibrium of a family firm.

The true value of strategic succession planning for families in business

Charlotte Tong - Partner - ctong@goodmanjones.com

Posted on 10th June 2019

Categories:

You should still review your position as shareholder and your company Articles to see if they satisfy this new test, but this is a welcome relaxation of the original proposals.

Entrepreneurs’ Relief Revisions now finalised

Graeme Blair - Partner - gblair@goodmanjones.com

Posted on 19th February 2019

Categories:

Make sure you check your position against the new requirements.

Changes to Entrepreneurs’ Relief: What every business owner needs to know now

Graeme Blair - Partner - gblair@goodmanjones.com

Posted on 18th December 2018

Categories:

The job of a family business adviser is to help the family – not just the business – to get to where they want to be.

The real value of a Family Business Adviser

Janet Pilborough-Skinner - jpilborough-skinner@goodmanjones.com

Posted on 17th October 2018

Categories:

Family Businesses

The winning combination? Clear vision and values, a united family and management team, and solid financials.

What makes a great family-run hotel business?

Charlotte Tong - Partner - ctong@goodmanjones.com

Posted on 6th June 2018

Categories:

The Government are concerned that bringing external investors into a family business can dilute the founders down below a 5% stake in a company. The 5% threshold may therefore hold back the seeking of external funds and therefore hold back growth in a business.

Possible extension of Entrepreneurs’ Relief: Consultation wants to hear from Family Businesses

Graeme Blair - Partner - gblair@goodmanjones.com

Posted on 13th March 2018

Categories:

A Picture of Larry Phillips - Consultant

Crucially, succession must be an objective decision. Yet taking an impartial view of your children’s capabilities and drive won’t be easy. Whatever your succession strategy, the need to start the process early can’t be overstated. It takes time to groom the next generation, or to find external appointees who are right for your business

When succession is a challenge

Larry Phillips - Consultant - lphillips@goodmanjones.com

Posted on 4th September 2017

Categories:

When it comes to succession, the most important advice anyone can give a family business owner is: plan. Plan early, and plan ahead.

Handing over the reins of a family business

Larry Phillips - Consultant - lphillips@goodmanjones.com

Posted on 6th March 2017

Categories:

It takes strength and focus, but you must base your succession strategy solely on appointing the best person (or people) for the job. Whatever your decision, it must be right for the business.

Nurturing the next generation in a family business

Larry Phillips - Consultant - lphillips@goodmanjones.com

Posted on 6th March 2017

Categories:

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Category Archives: Family Businesses

Tax is always a concern for a family business. There is an argument that family members are more concerned about tax than professional management within a larger business. This is because any tax payment ultimately comes from the family’s pocket.

How to determine the best tax strategy for a family business

It’s never too soon to plan for the future. Not to mention for the unexpected: illness, death, and life-stage changes such as the birth of children can suddenly change the equilibrium of a family firm.

The true value of strategic succession planning for families in business

You should still review your position as shareholder and your company Articles to see if they satisfy this new test, but this is a welcome relaxation of the original proposals.

Entrepreneurs’ Relief Revisions now finalised

Make sure you check your position against the new requirements.

Changes to Entrepreneurs’ Relief: What every business owner needs to know now

The job of a family business adviser is to help the family – not just the business – to get to where they want to be.

The real value of a Family Business Adviser

The winning combination? Clear vision and values, a united family and management team, and solid financials.

What makes a great family-run hotel business?

The Government are concerned that bringing external investors into a family business can dilute the founders down below a 5% stake in a company. The 5% threshold may therefore hold back the seeking of external funds and therefore hold back growth in a business.

Possible extension of Entrepreneurs’ Relief: Consultation wants to hear from Family Businesses

When succession is a challenge

When it comes to succession, the most important advice anyone can give a family business owner is: plan. Plan early, and plan ahead.

Handing over the reins of a family business

It takes strength and focus, but you must base your succession strategy solely on appointing the best person (or people) for the job. Whatever your decision, it must be right for the business.

Nurturing the next generation in a family business