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Family Business Ownership

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Family-owned businesses experience unique employment issues.

  • Should family members employed in the business be treated the same as non family employees?
  • Should family members be guaranteed a job in the family business regardless of merit?
  • Should family members be excluded from employment in the family business altogether?

It is vital for the success of a family owned business that the parties know where they stand and that the employment relationship is clearly defined. Sensitively drafted contracts and policies need to be backed up by day-to-day practical legal advice and support. Our lawyers work closely with family-owned businesses to understand their individual needs and to help avoid conflict or misunderstandings.

Our family business employment lawyers can guide you through these and other issues and advise you on how your employment policies are affected by legislation.

Family Business Property Issues

If you own a family business, property is often one of its key assets. Financially, family business property can be an important capital asset and might generate rental income for you.  Operationally, it can be used to accommodate the business. Family business property might also be a home, either for you or for other members of your family. You might also feel a close emotional tie to your property, particularly if it is has been owned by your family for generations.

The Real Estate and Commercial Property team comprises specialists in commercial property, agriculture, construction and specialist property dispute resolution. This means that we understand that your business' property holdings are a key factor in its success. A well managed property portfolio gives you more time to concentrate on growing and maintaining your core business. We can assist you with the whole life-cycle of property ownership from acquiring leases and freehold property, to managing leases and property interests, through to disposing of property and terminating leases.

Our Real estate team includes family business specialists, who work within the Family Business Team dealing both with discrete property matters and larger projects such as succession planning and business re-organisations, which often have a large property element.

Jess Booz is a member of the Family Business team. Jess is a specialist commercial property and real estate lawyer. She couples this with experience in dealing with and acting for family-owned businesses. This means that she is ideally placed to advise family and owner managed businesses on all their property matters. Jess grew up surrounded by various family businesses and has a keen interest and understanding of the different motivations at work within a family or owner managed business.

The Family Business Tax Angle

Providing support and bespoke advice to family businesses requires specialist experience in the unique challenges that family businesses face.  We have a dedicated Family Business team at VWV ready to help.

Emma Bradley is a member of the Family Business team.  Emma's background in private client tax means that she is ideally placed to advise on the tax aspects of structuring and succession planning for family and owner managed businesses, especially those with associated family trusts.

Our tax team understand that providing specialist tax advice to family businesses can be cruicial.  Working with family businesses can require income tax, corporation tax, capital gains tax, inheritance tax and stamp duty land tax planning in one single piece of work.  The earlier tax advice is factored into planning your projects the easier it is to identify the implications and possible opportunities to reduce the tax cost or risk.

The tax team works closely with other specialist advisers such as family business consultants and accountants to ensure that the solution works from every perspective.

The Sale of a Family-Owned Business

The sale of a family-owned business can throw up a range of issues that have lain dormant for a number of years such as:

  • issues relating to land ownership
  • the tax consequences of the sale, both for the company and individual stakeholders
  • the future role of family members who wish to remain involved in the business post sale

With a strong specialism in corporate law and an in depth understanding of family businesses, we are uniquely positioned to advise on your family business sales.

To find out more about our family business team and how we can help you, please contact David Emanuel on 020 7665 0848.

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They understood how to balance the need to deliver a result with the need to keep family members on board.

  • Julian Pieters - Managing Director
  • Ampetronic Limited

Meet the Team

Our family business lawyers have the benefit of support from the firm's specialist sectors and services, offering a comprehensive range of legal services to family-owned businesses.

View All
Jennifer Morries - Pirvate Client Associate at VWV

Estate Administration
Family Business
Inheritance Tax Planning
Lasting Powers of Attorney

Shimon Shaw - Corporate Law Associate at VWV
Senior Associate
Katie Hanson - Corporate Law Solicitor at VWV

Divorce & Family Law

Family Business

News & Events

VWV's Private Client Team Grows Further
Our team in Watford continues to grow as Daniel Church joins the firm as a Private Client Partner.
14 Jun 2019
Biotech Leader Wins Innovation Award 2019
Dr Harry Destecroix of Ziylo has won the 2019 Pharmaceutical Industry Network Group (PING) Innovation Award, hosted by VWV.
1 May 2019
Louise Gilmer Appointed to Bristol Junior Chamber
The Bristol Junior Chamber (BJC) has re-elected Louise Gilmer, solicitor at VWV, as Chair of Heritage and Culture for 2019/20.
25 Apr 2019
Wealth Protection Seminar - Birmingham
Join VWV and Brown Shipley for a legal and financial insight into asset protection and tax planning.
25 Jun 2019