FOUNDER & FAMILY OWNED AND MANAGED BUSINESSES
Family businesses serve a very important cause that can't be translated into money or book of accounts - keeping the families together. Families decide on issues differently, in situations where family relationship may bring about a conflict with business interests. Sometimes and some familities decide on the basis that family relationship is much more important than business. Sometimes and some other familities decide on the basis that family relationship should not stop the growth of business. It is always nice to have a "Rule Book" accepted by family members to resolve situations like this. The Rule Book may be formal like family Trusts and Family Office or informal like a simple but strong understanding put in writing or otherwise often witnessed by or in presence of other important family member or members.
