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Wealth creation is exciting but sustaining it across generations requires more than just ambition. Strong governance, careful planning, and robust compliance are the pillars that help families preserve and grow their wealth while staying true to their values. Family businesses are the backbone of the economy, driven by passion, resilience, and a vision for the future. Research shows that family-owned businesses often outperform others due to their long-term perspective, focus on building strong foundations, and ability to resist the pressures of short-term market dynamics. This outlook allows them to invest in innovation, growth, and institution-building initiatives.
Yet, the journey is not without challenges. Succession planning, aligning ownership interests, and balancing strategic visions within the family can be complex. These challenges make it essential to adopt a structured approach to sustain the business and build a legacy for future generations.
A family-owned business thrives on shared values, decisive leadership, and a unified vision. As these businesses grow, so do the complexities of scaling operations, ensuring continuity, and nurturing the founder's legacy.
Typically, a family business involves active participation from family members and at least a 20% economic interest in the business. As wealth grows, families often establish family offices to manage investments, philanthropy, and financial responsibilities. Structuring an effective family office requires a strategic approach, considering tax implications, governance frameworks, and alignment with both short-term and long-term objectives.
Whether you are a private individual or managing a family office, Grant Thornton Bharat offers seamless advice on a wide range of services. Our Private Client Services team comprises specialists with multi-disciplinary expertise, providing holistic guidance to family-owned businesses on diverse topics, including:
We offer a comprehensive suite of solutions designed to support family-owned businesses across their lifecycle. Our services include structuring and restructuring businesses to align with shareholding agreements, unlock value, plan estates with trusts and wills, facilitate overseas expansions, and manage residential status changes and eventually help with wealth creation.
We assist in obtaining second residencies tailored to your lifestyle and wealth goals, providing expert guidance on regulatory requirements, tax implications, and the global mobility benefits that align with your aspirations. To know more, click here
Family constitution and governance charter: We develop family constitutions to align interests and define roles while establishing governance charters that ensure seamless succession and preserve family values for future generations. To know more, click here
We provide personalised solutions for wealth preservation and transfer, offering expert support in succession planning, estate management, and generational wealth transfer, including the creation of testamentary trusts and drafting of wills. To know more, click here
Whether you’re looking to establish a family office, navigate succession planning, or streamline your operations, we’re here to help you build a legacy that lasts.
