Release of an Online Family Business Constitution
Announcement posted by Insights 29 Jun 2016
And why you need one!
We have recently partnered with Cleardocs and created an online Family Business Constitution.
It enables family businesses to build a family constitution or charter for the sustainability of their family and its business interests across the generations. A family constitution is a non-binding document that sets out the family's policies for achieving family harmony and maintaining wealth.
It enables family businesses to build a family constitution or charter for the sustainability of their family and its business interests across the generations. A family constitution is a non-binding document that sets out the family's policies for achieving family harmony and maintaining wealth.
Our Family Constitution provides a robust framework for families to commence their communication and education around succession. It provides flexibility to choose policies currently relevant to the family while leaving others until later. Families may also personalise the details of the policies for the family's particular circumstances.
A family constitution should be considered when families in business intend to transition the stewardship and ownership of family wealth, including business interests, to the next generation.
To find out more you can view the Family Constitution here or call us at Insights on 0402 247 946