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Family businesses

Articles, guides and case studies on the challenges of running a family-owned business.

Tax

Top tax tips for family businesses 

Managing your company’s tax affairs to optimise the amount of tax that is paid is an entirely legitimate activity. There are a number of simple, legal benefits afforded to business owners

Tax

Sajid Javid warns Labour will extend inheritance tax to family businesses

Chancellor warns that Labour wants to stop family members inheriting small businesses – Labour denies any such plans as part of business taxes review

Business management

Family business wealth and protecting it on divorce

When a couple divorce and there is family business wealth in common, protecting that wealth requires special consideration. Charmaine Hast of lawyers Wedlake Bell offers some analysis

Advice

The most important aspects of running a family business

In this piece, we look at the key ingredients required for a successful family business and give first hand advice on managing one successfully.

Advice

How to create a succession planning strategy for your family business

Peter Jenner explains how owners of family businesses can create a robust succession planning strategy.

Employing & managing staff

The challenges SMEs face when sending employees abroad

Sending employees abroad can be challenging, but the benefits well outweigh the risks. Kevin Melton of AXA Global Healthcare takes us through the biggest potential hurdles.

Business management

The challenges of running a business with family members

Here, 'Rajal Patni, CFO and co-founder of WeMa Life, explores the concept of running a business with a family member, and all the challenges that brings.

News

Are Britain’s family businesses at risk?

Just 42 per cent of UK family businesses had any form of succession planning in place, with only 30 per cent surviving the transition to the second generation and 10 per cent to the third.

Business management

Five ways to work well with family members

Working with family members really doesn’t deserve the bad press it receives, here are some tips to help you make it work.

Employing & managing staff

Three reasons why working with family can make your job easier

The thought of working with a family member may make you nervous, but surprisingly it can actually benefit businesses and make your job much easier!

News

Sim Trava named Family Business of the Year by the FSB

Sim Trava, a Costa Coffee franchise, has been named Family Business of the Year following its recent new deal.

Buying and selling a company

How to succeed as a family business

A 2013 study by auditors KPMG discovered that as much as 40-50 per cent of European employment is created via family-owned businesses. Amounting to more than five million workers, this demonstrates the economic benefits family-run businesses bring.

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Business Technology

Why you should upgrade your tech now rather than later

To run an optimal business, you must have optimal tech. We explain why you must upgrade your business technology on a regular basis

Investing in a franchise

Should I buy a franchise or go solo?

Starting a new business is an exciting venture. But – especially in well-established industry sectors – a key question is whether it would be better to buy a franchise or go solo.

Partner content

16 ways to improve your business cash flow

Read here for 16 tried and tested tips and tricks to improve potential cash flow problems

Business management

How to create good cashflow habits

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