All posts tagged family business

Do Not Let a Family Feud Become Reality, Plan your Business Exit Strategy Now…

#BusinessOwners, let this not happen to your family business. Extreme – yes, avoidable – yes; the importance of an #exitstrategy… “The feud between the brothers started last year when their father, Kulwant, died without dividing the family firm among his sons. The Chada empire, which has revenues of around 25 billion Indian rupees (€355 million), includes real estate, sugar production, film distribution and paper mills.” read on: FAMILY FEUD LEADS TO DEATH OF CHADHA BROTHERS…

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Divorce and your business: six scenarios for after the split…

Many businesses are founded and run by a husband and wife team. What happens to the business if they divorce? The ‘clean break’ principle The Family Court’s position is that whenever possible, there should be a clean break between ex-spouses. This means a property settlement, with the combined asset pool being broken into two chunks. When the assets include a business, the property split can take place in a number of ways… Read the full article. A story by Greg Parker for mybusiness.com.au

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