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Business Families and Family Businesses: The STEP Handbook for Advisers, 2nd Edition

Business Families and Family Businesses: The STEP Handbook for Advisers, 2nd Edition

Author: Simon Rylatt; Boodle Hatfield
Publisher: Globe Law and Business
ISBN: 9781787421646

Previous Edition ISBN: 9781905783250
Published In: June 2018
Format: Hardback , 319 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
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Reviews

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The resilience of family businesses has been evident from their success over centuries and across continents. It remains common for practitioners to advise families whose principal source of wealth is or has been a successful family enterprise, and to provide guidance on the specific and complex relationships and issues that arise in this context.

This new edition, edited by the Society of Trust and Estate Practitioners (STEP), features chapters by leading practitioners in the field, including the Family Firm Institute, Schroders, Boodle Hatfield and SandAire, Kleinwort Hambros, Dixon Wilson and Rathbones. The book considers what makes business families and family businesses unique, and examines the issues that advisers are often called upon to consider and address when assisting them. It helps practitioners to deepen their understanding of how families operate, and to develop the skills and knowledge necessary to advise on such complex areas as conflicts between working and non-working family members, ownership structure, succession, wealth management, governance and meeting a family’s philanthropic objectives.

The guide provides a comprehensive handbook for all practitioners who advise business families, including lawyers, accountants, financial advisers and wider family business advisers.

About STEP

Foreword Simon Rylatt Boodle Hatfield LLP

Setting the scene

Family businesses and business families Ian Macdonald Wright, Johnston & Mackenzie LLP

Advising the family business

Roles, relationships and responsibilities Judy Green Family Firm Institute Inc. Jane Hilburt-Davis Key Resources LLC

Understanding the business family Christine Blondel INSEAD Business School; FamilyGovernance

Building a family business advisory team Edward Porter Jonathan Riley Michelmores LLP

Philanthropy and private charitable foundation readiness Malcolm D Burrows Scotia Wealth Management Russell Prior HSBC Private Banking (UK)

Stages of the family business

Establishing the family business Toby Crooks Neil Insull Alex Temlett Rawlinson & Hunter

Structuring the family business Joanna Boatfield Gregory Smye-Rumsby Dixon Wilson

Preparing for transfer of ownership Ivan Lansberg Maria Dolores Moreno Lansberg, Gersick & Associates LLC

Rewarding and incentivising non-family directors and employees Paul McGrath Withers LLP Jason Ogelman EJS Financial Planners Ltd

Succession, reconstruction and reorganisation

Succession planning Hayden Bailey Geoffrey Todd Boodle Hatfield LLP

Entrepreneurs within the family: encouraging entrepreneurship and innovation Ian Dembinski Tim West Rathbones

The challenge of family wealth Paul Kearney Kleinwort Hambros

Governance and management Ken McCracken KPMG LLP

Extracting wealth from the family business Richard Brass Berenberg

Selling the family business Peter Gray Cavendish Corporate Finance LLP

Tools and techniques

Family business: dealing with conflict Andrew Hildebrand Hildebrand Mediation & In Place of Strife Mark Lindley Boodle Hatfield LLP

Estate planning

Managing succession, managing wealth Joan Major New Quadrant Partners Ltd Alexander Scott Sandaire Investment Office

Protecting ‘family wealth’ – the changing landscape James MacBride Landmark Advantage Patricia A Robinson Robinsons Law Shayne E Stephens Landmark Advantage

Tax and corporate governance for family companies Nigel Barker Tracy Gordon Mark Kennedy Deloitte

Sophisticated reputation management for families and their businesses Julian Pike Farrer & Co.

Social and ethical investing Amy Clarke Tribe Impact Capital LLP

About the authors

Consulting editor(s): Simon Rylatt, Boodle Hatfield

Consulting editors

Contributing firm	Name
Boodle Hatfield LLP	Simon Rylatt

Contributors

Contributing firm	Name
Berenberg	Richard Brass
Boodle Hatfield LLP	Geoffrey Todd
	Hayden Bailey
	Mark Lindley
Cavendish Corporate Finance LLP	Peter Gray
Deloitte	Mark Kennedy
	Nigel Barker
	Tracy Gordon
Dixon Wilson	Greg Smye-Rumsby
Dixon Wilson	Joanna Boatfield
EJS Financial Planners Ltd	Jason Ogelman
Family Firm Institute Inc	Judy Green
Farrer & Co	Julian Pike
Hildebrand Mediation & In Place of Strife	Andrew Hildebrand
HSBC Private Banking UK	Russell Prior
INSEAD Business school, FamilyGovernance	Christine Blondel
Key Resources, LLC	Jane Hilburt-Davis
Kleinwort Hambros	Paul Kearney
KPMG LLP	Ken McCracken
Landmark Advantage	James MacBride
Landmark Advantage	Shayne E Stephens
Lansberg Gersick & Associates, LLC	Ivan Lansberg
Lansberg Gersick & Associates, LLC	Maria Dolores Moreno
Michelmores LLP	Edward Porter
Michelmores LLP	Jonathan Riley
New Quadrant Partners Limited	Joan Major
Rathbones	Ian Dembinski
Rathbones	Tim West
Rawlinson & Hunter	Alex Temlett
	Neil Insull
	Toby Crooks
Robinsons Law	Patricia A Robinson
Sandaire Investment Office	Alexander Scott
Scotia Wealth Management	Malcolm D Burrows
Tribe Impact Capital LLP	Amy Clarke
Withers LLP	Paul McGrath
Wright, Johnston & Mackenzie LLP	Ian Macdonald

Review for first edition - The STEP Handbook will undoubtedly become required reading for advisors across the disciplines such as the trust and legal, accounting, HR and other professions who set out to deliver high standards of service for their family business clients

- Grant Gordon, Institute for Family Business