Is a family holding company right for you?
A family holding company is not for every family. Check the signs that it may be time.
Read moreA family constitution is not a will or a contract. It is an agreement that keeps a family business going from generation to generation, and it only works if everyone accepts it.
Topics to agree on
- The family’s values and vision for the business
- The role of each generation, who may work in the company and what qualifications they need
- How major decisions are made, and family meetings
- Returns and dividends
- Leadership succession
- How conflicts are resolved
Involve everyone
Drafting together, for example in workshops guided by an advisor, gives every member a chance to speak, so the rules are genuinely accepted.
Review regularly
As the family grows and the business changes, keep the constitution up to date. See our family constitution service