Family businesses face unique challenges which are borne out of the relationships between the family members, both as members of a family and stakeholders in a business.

One of the biggest questions facing family businesses is what to do about succession.

Who will take over the family business when the current generation retire?

How will the current family shareholders transfer the reins?

Our experience suggests that the vast majority of family businesses have no clear succession plan. This can be because there is no one in the next generation who has the ability or desire to take over, or because the current generation are reluctant to let go.

We help family businesses facing issues like these to deal with what can, at times, seem to the family to be insurmountable challenges.

Veale Wasbrough Vizards works with family businesses and individuals to find a path through the emotional and family bonds to find the right legal, commercial and family solution to the problem.

We recognise that the emotional aspects of the relationship need to be acknowledged and addressed as part of any legal or commercial solution.

We are the only law firm to have a family business team which draws specialist lawyers from across a variety of legal disciplines into one team, and is dedicated to providing family business centred advice.

The challenges are clearly complex. We work very closely with other specialist advisors such as family business consultants and accountants to make sure the solution works from every perspective.

To find out more about what we do click the links on the left of the screen.