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'My father left the entire farm to my brother. What can I do?'

Tuesday, 09 January 2018

"Not being fully included in a will can be a matter of losing your life's Work"     Q. I am a farmer's son and am now in my fifties.

 

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Problem Solver: How do I get my father to let go after handing over reins?

Tuesday, 09 January 2018

Fergal Quinn gives his advice below to a successor on the common struggle of a famiy business Handover.     Q. I am 33 and have been

 

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7 Reasons for Enduring Power of Attorney

Tuesday, 09 January 2018

An Enduring Power of Attorney is a document in which you appoint who should look after your personal and your financial affairs in the event

 

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Family Business Succession: A Briefing
Friday, 02 November 2012 09:21

Dr Cecilia Hegarty recently launched her book “Family Business Succession: A Briefing”

 

 

A ‘family business’ is an operating business in which members of the same family have most of the power. Family businesses face increasingly complex issues that affect not only the future of the business itself, but also that of its owners, their family and their employees. Always, the owner must reconcile their own and their family’s aspirations with the commercial goals of the company. The chances of family business survival can be increased if the life-threatening questions are tackled ‘early on and head-on’ and all key stakeholders are involved in planning the future of the company and their role in it. This brief guide provides family business owners, family members and non-family employees working in family firms with guidance for succession planning.

 

 

Dr Cecilia Hegarty conducted her PhD research into the dynamics of owning and operating family enterprises in Ireland and acts as a mentor and consultant to family businesses in the area of succession planning.

 
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