Interesting conversations when different family members own and run businesses that perform differently within a group. Need to formalise remuneration and dividend policies to ensure appropriate reward for endeavours. #FamilyBusiness

When planning to pass growth to the next generation think about the structure as each will have their pros and cons but one will be better in the long term. #SeekAdvice #FamilyBusiness

In a family business think long term about the benefits of a Substantial Shareholding Exemption in conjunction with a Family Investment Company #FamilyBusiness #SeekAdvice

When issuing growth shares in a Family Investment Company make sure that you apply a hurdle to the growth shares and that the shares are subscribed for in cash. Ensures Payment Related Securities legislation does not apply. #SeekAdvice

Inadequate communication and unresolved interpersonal issues can exacerbate conflict in family businesses, creating rifts that impact not only the business's success but also familial relationships. #CommunicationBreakdown #FamilyDynamics #FamilyBusiness buff.ly/3V5dlKy

In this second video in the series, I talk about the guiding principles I use when advising clients on succession planning #lawfirm #familybusiness #successionplanning youtu.be/rR-FIxySjxs?li…

Family secrets and unresolved issues can disrupt trust and communication, affecting the overall functioning of the business. #FamilyBusiness #Trust

Rising land values tempt families to sell up. But short-term gain = long-term loss if the business could thrive with the right reinvestment strategy. #BusinessValuation #Legacy

Succession stress is real. Many family-owned caravan parks face tension over "who takes over next" — but no one’s asking "how do we future-proof this business?" #FamilyBusiness #SuccessionPlanning

Family businesses often face conflict due to blurred boundaries between family dynamics and professional decisions, leading to disagreements over roles, responsibilities, and decision-making. #FamilyBusiness #Conflict

Conflict often hides behind the word “legacy.” Unspoken expectations, sibling rivalries, outdated roles—all swept under tradition. Time to talk, not just assume. #FamilyGovernance #FamilyBusiness

Emotional attachment: The founder’s emotional attachment to the business can delay or derail a smooth succession. Letting go is never easy. #FamilyBusiness #Succession

A family name on the door doesn’t guarantee continuity. Culture, governance, and communication do. Legacy must be built on systems—not just sentiment. #FamilyBusiness

When legacy becomes ego, the business suffers. Some founders confuse stewardship with control. True legacy is letting go at the right time. #Leadership #FamilyBusiness

In our latest get together Mosaic Legal discuss what's hot and happening in the legal market at the moment. #virtualcoffeebreak #lawfirm youtu.be/vIX4qjOiSGA