Family businesses

Building a family business and passing it on to your children can be enormously rewarding, but may present ownership and management challenges.

Employing family members within the business can create tensions. Encourage family and workplace harmony, to bring commercial and personal benefits.

Advantages of using family members as employees and directors include high levels of commitment, sense of shared values, and a long-term perspective.

Running a family business brings additional challenges and opportunities. The law can help to reduce risk of things going wrong

Understand the rules if you want to employ a family member in your business; including rules on employing your spouse and employing your children.