Family businesses are unique. The family dynamic, which can play a significant role in decision making, offers both opportunities and challenges. The growth and sustainability of a family business lies in the fine balance between the needs of the business and the expectations of family members. KPMG has identified seven key pillars family-owned companies should address to serve the best interests of both the family and the business.
KPMG Family Business insights addresses seven key areas that family businesses often encounter: Succession & Next Generation, Governance, Growth, Assurance, Exit Strategies, Wealth Preservation and Philanthropy. Any family business could be faced with navigating one or several of these issues during its lifecycle.
To support the unique needs of family businesses, KPMG Enterprise has created a global network dedicated to offering relevant information and advice to family-owned companies. We understand that the nature of a family business is inherently different from a non family business and requires an approach that considers the family component.
KPMG Enterprise has developed a process that is designed to include and consider all share-holders in the family business. The professionals in our firms’ specialized practices seek to be more than trusted business advisers - we help families develop and maintain their positive dynamic.