Family businesses: Communication is key

Family businesses in New Zealand make up around 75% of all businesses*.

Although rewarding, being part of a family business can be challenging because of the way in which business ownership, management and family relationships overlap, creating complexities and emotional issues, particularly around money and control.

Crowe Horwath have developed the Family Business guide, which includes a range of strategies to assist you in the management of a family business and demonstrates how planning for the future can ensure a better outcome for you, your family and the people in your business.

It covers:

  • How does the family fit into business?
  • The characteristics of a healthy family business
  • Tips on managing conflict
  • The importance of goals and planning
  • Succession planning
  • Protecting and managing your estate
  • What is your family business worth?
  • Preparing for the unexpected

Throughout the brochure you’ll find a range of activities and checklists to get you thinking about your family business. You’ll also find a range of tips to highlight the tax implications and how you could do things more tax efficiently.
Crowe Horwath Family Businesses
If you would like to discuss any topics raised in the family businesses brochure, speak to your local adviser or contact us on 0800 494 569. Your advisor can assist you in navigating the complexities of family businesses and help you achieve your business and lifestyle aspirations.

*Statistics New Zealand