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.
The Benefits of Outsourcing Investment Management
Nearly 40% of small and mid-sized family offices outsource investment management. But success requires more than just delegation – it demands complete transparency with your advisors. Watch to learn why effective investment management depends on sharing the full picture of your family office’s portfolio. #LIVideo #familyoffice #advisor
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Podcast Appearance: Harry Cendrowski on The Most Curious Person in Multifamily
April 4, 2025 Harry Cendrowski, Partner at Prosperity Partners, was recently featured on The Most Curious Person in Multifamily, a podcast hosted by Moshe Crane. In this insightful episode, Harry discusses the origin of the first-ever UPREIT (Umbrella Partnership Real Estate Investment Trust)—a groundbreaking tax structure his firm developed in 1992. Designed to help property owners defer capital gains […]
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Building Your Succession Dream Team The Value of Outside Expertise
Successful family office succession isn’t just about passing the torch – it’s about building a bridge of expertise between generations. Watch to learn why outside professionals are crucial for navigating the complex dynamics of next-generation leadership development. #LIVideo #familyoffice #advisor
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