The New Family Business Ownership Model
Family businesses are complex in many ways. They’re a mix of entrepreneurial spirit, family connections, business challenges, and evolutionary processes spanning multiple dimensions all at once.
One area especially in need of attention relates to family business ownership. Too often, advisors make assumptions about key questions — who owns the business, how it’s held and for what purpose — that limit their ability to fully understand and provide the best advice to a family business.
In this exclusive article published in Trust and Estates, Patricia Angus, adjunct professor of Business at Columbia Business School, offers a new model for understanding family business ownership that can help families better understand their reality, for themselves and all stakeholders involved.
