With their knowledge and experience with family businesses around the world, KPMG Private Enterprise business advisers have worked with companies – large and small – to address the needs of the business and the family. We understand that the nature of a family business is inherently different from a non-family business and requires an approach that considers the family component.

Our areas of expertise include:

Growth: In order to grow sustainably, entrepreneurial businesses must consider all of their market opportunities including seeking out complementary businesses for acquisition, potentially divesting non-core businesses, outsourcing functions to increase cost efficiencies, and potentially expanding into emerging markets. By developing a solid growth strategy for your company.

Risk: It is important to minimize these risks in an entrepreneurial business, not only for the business itself but also for the family, property holdings, and capital. Implementing controls, securing new financing, efficient tax management, and optimization can all have a positive impact on the bottom line of your business.

Governance: Better governance of a family business can help improve performance and satisfy the expectations of all family members. Establishing a governance framework that includes a family constitution and code of conduct for family members can help your family deal with changes in the business constructively.

Wealth: You’ve worked hard to build your business and make it a success. Now, as you look to the future, you want it to remain in good hands and be able to pass it on to future generations. By thinking about the future today, you can mitigate many risks associated with unplanned transactions, including family conflict and high probate and other fees.

Transition: Transitioning to a family business can be difficult and comes with unique challenges, with the potential for family conflict that may affect personal relationships. Planning ahead can make it a smooth experience for everyone and can help you manage the sensitivities that come with transitions and provide confidential advice on the implications of any decisions your family might make.

People: From attracting, developing, and retaining talent, both family and non-family, to setting clear roles and responsibilities, and establishing remuneration and employment policies, KPMG Private Enterprise family business advisers will help you find the best ways to structure your people-focused activities and help you to navigate this complex area of the business.

Strategic alliances: Technology innovation is shaping how organizations operate, and getting it right can mean a sustainable advantage over your competition. KPMG Private Enterprise, together with our alliance partners, designs, builds and delivers digitally-enabled technology solutions to help you build the right solutions for your business needs.