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Family Business: Now and into the future

Published on 05 Aug 16 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

One of the greatest challenges faced by family businesses is the delicate task of managing business relationships among family members. Expectations about participation rights, entity control, financial rewards and entitlements more generally may be mismatched, leading to tensions and poor business performance. In this context, this session will consider the principal legal documents essential to establishing certainty with respect to those rights and entitlements. Specifically, this session will consider:

  • Role and composition of the family business governing body
  • The position of stakeholders
  • Shareholders/Unitholders’ agreements
  • Family Constitutions and Family Councils

Author profile

Judith Choate
Judith is the SA Legal Director with KPMG. Judy has practiced in commercial and corporate law and specialised in federal and state tax and revenue law for over 25 years, particularly those areas of tax law that have the most significant impact on corporate and commercial transactions. Her tax and revenue practice is underpinned by her deep understanding of commercial and corporate law, trusts, partnerships and joint ventures. Her contacts and her depth of knowledge and experience in tax and revenue law and practice have positioned her as a trusted source of advice for professional services firms. - Current at 16 June 2016
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