Family governance is a term used to describe the structured way that high-net-worth families guide their relationships with the family business. With many companies requiring multiple generations to work together, solid succession planning can strengthen family relationships, family members’ connections to the business, and the business itself.
Unique Challenges of Family-Owned Businesses
Family-owned businesses face unique challenges. Beyond financial intricacies, events like generational transitions or external crises can trigger disruptions inside the family business. Family dynamics can also derail strategic plans. Balancing these events with family values through family governance and preserving the company for the next generation can be quite a juggling act.
Family dynamics can also derail strategic plans.
Balancing these events with family values through family governance and preserving the company for the next generation can be quite a juggling act.
How CCA Advisors Can Help With Your Family Business Succession Plan
Cendrowski Corporate Advisors regularly engages with family businesses to provide family governance and succession planning. We specialize in working with family enterprises—both large and small—to help them create family governance structures for sustainable long-term success. Our trusted advisors help our clients navigate the complexities of family business to minimize disruptions and maximize profits.
A well-developed family business governance structure can serve both the family and the business by providing a framework for managing decision-making, conflict, and communication.
Private Credit Market Evolution
Jamie Dimon just did a complete 180 on private credit. From “stay away” to investing $50 billion in 10 days. What changed his mind? And more importantly, what does this mean for your family office strategy? Watch the full breakdown in this video.
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Advanced Tax Planning Strategies for Family Offices and Private Enterprises
Taxes can quietly erode wealth if not planned for carefully. That’s why smart tax planning strategies aren’t just helpful – they’re essential for high-net-worth families and private business owners. At Prosperity Partners, we’ve built a reputation for guiding complex entities through advanced tax planning and strategies that preserve capital, minimize liabilities, and create long-term value. […]
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What Are Forensic Accounting Services and When Do You Need Them?
According to the Association of Certified Fraud Examiners, companies lose an estimated 5% of their revenue to fraud each year. That’s not just a line item- it’s a potential legal and reputational crisis. When the financial truth is unclear or contested, forensic accounting services step in to uncover what really happened. At Prosperity Partners, our […]
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