Reply To: After integrating a family business, should the former owner remain or not?

#37264
Enrique Blanco
Participant

Quite a tough question to be answered… However, in general terms I’d generally consider quite positive for the former family shareholders to remain “in touch” with the business.
There are different alternatives. For example, salaried staff, minor shareholders or external advisors linking their future fees to the accomplishment of financial milestones.
Having being managed previously the company as a family-owned business there are sensible issues, such as the close relationship especially with the rest of staff and clients, that have to be addressed properly during the transition.

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