Fact: Family businesses are the backbone of the economy! A worthy claim when you consider that 80% of UK SME companies are defined as...

When business owners decide to step down, one of the most common succession options is to sell the business to a third party. A trade...

For many family businesses, the ultimate goal is to preserve the legacy and pass the business down through generations. However, there...

Preparing to pass the business to the next generation is often seen as one of the biggest challenges facing the family business,...

Private equity firms invest funds raised from institutional investors (such as pension funds, family offices and charitable trusts) in to...

There is an increasing enthusiasm and desire for embracing sustainability amongst Small and Medium-sized Enterprises (SMEs). This was...

An Employee Ownership trust ('EOT') is a special form of trust that holds shares in a company on behalf of its employees. It facilitates employee-ownership of a business, and the framework was introduced in 2014 as part of a government policy in support of this ownership model. Robert Davies from Foot Anstey LLP explains more. The government consulted in autumn 2023 on a number of potential changes to the operation of EOTs, but have yet to present the results of that review.

A family charter is a foundational document that outlines the values, vision, and framework for managing a family business. It serves as...

Effective governance frameworks are critical for the long-term success of a family business, ensuring that the interplay between family...

Are you worried about your family’s financial future? Recent UK Autumn Budget changes have raised concerns for business owners, particularly regarding inheritance tax (IHT). As a business owner, safeguarding your legacy is crucial, and life insurance can be a powerful tool to mitigate IHT. Martin Lindsey, Head of Advice at FBU Partner Brooks Macdonald shares his thoughts. Key Changes In The Autumn Budget Inclusion Of Pensions In Inheritance Tax Calculations Significant cha

A family business is more than work—it's a passion passed down, a shared dream, and a bond that grows stronger with each and every generation, each one seeking to pass the business on to the next generation in a better condition than the one they inherited. In fact, family businesses are the engine room of the national economy, with around 5 million family firms employing around 14 million people. They can be found in all corners of the country and in virtually every sector

Family businesses are more than just commercial enterprises—they are the lifeblood of economies, the anchors of communities, and the...

Family businesses play a crucial role in economies across the globe. They create jobs, strengthen community ties, and build wealth that...

As of today (November 13) there are just 102 working days left for entrepreneurs to cash in before new higher rate on capital extraction...

The UK Budget 2024 has introduced some notable changes to Business Property Relief (BPR), prompting fresh considerations for family...

Latest research from STEP highlights the vital need for family business owners to talk and plan to keep their legacy, relationships and...

One of the many things to set family-owned businesses apart from other commercial enterprises is the question of legacy. However, in a...

For family businesses, the question of “what’s next?” can be as complex as it is personal. Many families are currently weighing whether to transition the business to the next generation or consider a partial or complete sale. With recent changes to Business Property Relief (BPR) and Agricultural Property Relief (APR), there’s a renewed need for thoughtful planning. Enter “patient capital,” a form of investment that offers family businesses the time, flexibility, and stability

The exit of your family office team is inevitable. The time to take action is now and preparing now will help ensure a transition that...

The key difference between the majority of family-owned businesses and publicly limited companies lies in the structure of ownership....