Arranging
family relationships

 

Discover the secrets of the long-term prosperity of Europe’s most successful families

Handing over the company to the children

Family Constitution and Family Council

Roles and preparation of family members

How to successfully balance family and business

Building and managing a family business is a big challenge because you have to balance family relationships and the needs of the business. Take inspiration from successful noble families that have prospered for centuries and create a solid foundation for your family and clan.

The process is not easy, but its principles are universal. A key instrument is the family constitution, which may include institutions such as the family council. Successful families often define roles for future wealth managers, protectors, managers, statutory representatives and other key positions.

The secret to long-term prosperity

    Setting clear requirements for family members who want to take on these roles is also an important step. They then have to meet specific criteria to work for the family in different roles or in corporate positions.

    The basis for success is voluntariness and adherence to agreed rules. This approach creates a stable and functional system that has proven itself over centuries. Unlike intestate succession, this system helps to preserve not only property but also harmonious family relationships across generations.

    Succession planning, legal aspects, succession preparation, family relationship management…

    Ing. Stanislav Bruna | Senior Advisor BA4U s.r.o.

    Are you considering handing over the asset management and administration of your company?

    We provide a free consultation. Contact us to find out how our experienced consultants and managers can help you to resolve such a complex topic wisely in the long term. We are ready to support you at every stage of the process.

    BA4U s.r.o.
    Podkovářská 674/2,
    Vysočany, 190 00 Prague 9