Family Businesses

Take a look at the ICFIB Research Results

A family business is defined as one where at least two members of the same family, be it first, second or third generation, are actively involved. We recognise that family businesses have their own unique features which can create conflict if potential problems are not identified and dealt with, but also have the experience resolving problems that have arisen.

Some of the areas where Hazlewoods have worked with family businesses have been:

  • Succession planning
  • Family business ownership
  • Use of trusts for family business ownership
  • Tax planning and creating efficient structures for owning family businesses
  • Remuneration planning
  • Family business governance
  • Family shareholder agreements
  • Family charters

As part of our recognition of the unique requirements of family businesses, we have:

  • provided specific internal courses for our key staff on family business issues.
  • encouraged staff to attend the post-graduate certificate course for Family Business Advisers.
  • formed a working relationship with the International Centre for Families in Business (http://www.icfib.com/), based at the University of West of England.
  • undertaken surveys into family business issues
  • run seminars specifically aimed at family business issues.

In recognition of their work in the family business sector, Hazlewoods LLP were appointed one of the founding corporate members of the International Centre for Families in Business in October 2008.