entrepreneurs embrace change

Family Businesses with Entrepreneurial Spirit Outperform Others

It’s no surprise that the family businesses that stand the test of time are those that are not only open to adapting, but in fact seek it out. Every new generation brings with it new advances that must be embraced or the business risks being left behind – but our new age of technology is […]

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Alternative to a traditional Family Office

So, is there an alternative approach? The answer is yes. When you start to strip it back, a family office is not a specific structure but the concept of professionalising a family’s personal affairs. It doesn’t necessarily require a complex series of legal structures and a significant team in-house. It doesn’t need to employ an expert on every topic to be of assistance.

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inheritance tax and family business

Zero Inheritance Tax – the German perspective

The article is originally published in Frankfurter Allgemeine Zeitung. In many countries, family owned businesses benefit from the special rules applied to the inheritance and gift taxes. This is confirmed by the KPMG recent study, calculating and comparing the tax implications around 42 countries for the intra-family business succession upon inheritance or retirement. In Germany, […]

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family business

Why do Family Businesses fear the Family Office?

This article was initially published in Spear’s supplement “The future for family offices”. Mike Walker and Catherine Grum explain why so many families stumble into family office setups or avoid them altogether. Since the financial crisis, many commentators have reported that family offices of both the single and multiple variety are on the increase. A […]

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family business

USA Family Businesses Open to HNWI Investment

The KPMG Family Business 2014 Global Survey found that 65% of American family businesses had previously offered equity to external investors…

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How to Survive like a Family Business

There’s a fundamental stability in family businesses, from the smallest mom-and-pop corner shop to the large enterprises playing a powerful part in the economy, which is not always apparent in other companies. While they don’t always perform as well as competitors during times of plenty, when times are tough, they are ready to pull through and survive…

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family business developing a succession plan framework

Profit is Personal for a Family Business

In a family business, the impact of any profits are seen and felt daily by those involved in the business, as well as those affected by the business’ performance. A good turnover means those extra lessons for an owner’s child, or a new home for a family member. The business is borne out of the […]

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KPMG 2nd Family Business Forum in Greece

KPMG in Greece successfully organized its second conference dedicated exclusively to the Family Businesses on April 12. The event gathered over 120 delegates, ranging from the first till the fourth generation, from more than 45 prominent Greek family businesses…

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Family Business tips for improved cyber-security

When considering cyber-security in the family office context, the focus is often on expensive and sophisticated technology solutions, but the margin of vulnerability is often greater when it comes to people and process…

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Succession planning & the senior generation

Succession planning & the senior generation: time to act

When families start to focus on their succession plans, there are many helpful options available for those who are interested in developing the next generation. However, this process inevitably raises the question of balance between the generations…

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