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Family Business Services

Family businesses hold a unique place in the business world and structures and systems of governance tailored for each family are just as important for the running of the business as they are for the way that family members relate to each other.

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The role of the family members and the emotional and historic ties make a difference to the way that family companies are run, depending upon the level of participation of first, second or third and subsequent generations. Standard constitutions and shareholders agreements often “don’t fit” the family company model – whether the company is a general trading organisation or a vehicle for managing family wealth, often where that wealth originally stemmed from a family business which has been sold and there is a need to manage the wealth generated from a sale.

How we can help you

At Paris Smith we have a long history of working with family businesses. Our work has included:

  • Setting up family charters or family constitutions
  • Advising on and drafting models for good governance when it comes to family companies or groups
  • Advising on and drafting family investment companies
  • Advising on the interaction of family trusts owning shares in family investment companies and family investment companies
  • Working with tax advisers to establish the best model for optimal tax efficiency and control of the family business

WINNERS OF ‘LAW FIRM OF THE YEAR 2023’ – BUSINESS MAGAZINE, SOLENT DEALS AWARDS

“We are thrilled to win Law Firm of the Year. Thank you to all of those who supported our nomination. The recognition is very well deserved. We have a fantastic team at all levels who were incredibly busy in 2022, completing over 60 transactions, many of them involving local businesses, financiers and advisers. Our success is based on building strong relations with our clients, professional advisers and the wider community in our region. We will continue to build on our success by developing our relationships with key stakeholders in 2023 and beyond.”

 

 

Law Firm of the Year 2023 winners logo     

HOW WE WORK WITH YOU

Whilst based in the South of England, Paris Smith acts for businesses and families throughout the UK. Technology has enabled us to provide a high level of service to our clients whether they are local to our offices or not. Our advice can be given in many ways:

  • Over the telephone
  • Via video conferencing
  • In face to face meetings

We will talk through how you would like to be contacted and the best ways for us to meet in our early conversations with you.

Get in touch to speak with an expert.

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