There's an old adage, ‘never go into business with family’ and there’s good reason for it, says Andrew Perkins, shareholder dispute lawyer and mediator with law firm Ashfords LLP
Whilst disputes can arise between the owners of all types of businesses, those involving family companies can be particularly fractious. The added dimension of the family relationship can add to the usual pressures felt between co-owners: multi-generational aspects may come into play, or underlying frictions between siblings - perhaps from different marriages - can create board division. Those pressures can be amplified when control is passed from one generation to another, through death or retirement.
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