Business Families and Family Businesses
The STEP Handbook for Advisers, Third Edition
Consultant editor Clare Stirzaker
Publication date:
30 April 2025Length of book:
320 pagesPublisher
Globe Law and BusinessISBN-13: 9781837230679
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.