Structure of a Family Constitution

business-successA family business constitution expresses the will of the family for future generations and gives family members a sense of security about how matters will be handled including a method or process for the resolution of differences. The purpose of a family business constitution is to ensure each family member receives predictable and fair treatment.

By |2017-07-10T13:48:22-06:00February 18th, 2011|Categories: Uncategorized|

Family Constitutions Address Common Conflicts

business-successThere is little that can be done to avoid all family business conflicts. A family business constitution sets up the playing field for orderly succession. It also establishes mechanisms to help resolve conflicts before they have damaging effects on the business and on family relationships. Family constitutions are instruments of governance.

By |2017-07-10T13:48:22-06:00February 14th, 2011|Categories: Uncategorized|

The Family Constitution — Create One Before You Need It

business-successLearning how to write and implement a family constitution is important. Family businesses need rules that define expectations, and a family constitution can be written to address common family business conflicts. As families grow and family business issues become more complicated, a written family constitution becomes one of the most important gifts that founders can give to successive generations.

By |2020-06-25T09:30:30-06:00February 8th, 2011|Categories: Uncategorized|