Business Families and Family Businesses: The Step Handbook for Advisers (Hardcover)

Since the publication of the last edition in 2018 the world has experienced significant change. COVID-19 war economic downturn and a more urgent focus on climate change are just some of the key events that have led to increased geopolitical risk. This third edition co-published with STEP looks at developments within the approach to family business advising since 2018 taking account of the current geopolitical backdrop and the shift in attitude in a growing number of clients towards succession philanthropy and investments. However for those new to the field there remains ongoing guidance on: - how to understand the unique nature of family businesses; - typical family dynamics that impact succession; - the power of governance in supporting good ownership and management; - the typical stages of the family business and the key risks that will invariably arise; and - the different legal and non-legal approaches to tackling such problems. Featuring contributions from leading practitioners in the field (including the Family Firm Institute Cambridge Family Enterprise Group KPMG Rawlinson & Hunter JTC Private Office Boodle Hatfield Forsters Farrer & Co Wedlake Bell Schillings HSBC Global Private Banking Stonehage Fleming and Rothschild & Co) this comprehensive handbook makes essential reading for all practitioners who advise business families including lawyers accountants financial advisers and wider family business advisers.