Families in business can fall out and there can be issues that need to be debated, sometimes becoming heated. A lot relates to the personalities of those involved and a good rule of thumb is for the families themselves to try and work out a way that works for them to not let things escalate out of control.
That is clearly not always possible and a third party may be needed to guide them through 'stormy waters' and move on.
Well worth a read!
Families that share a business or other financial interests can struggle like any other. But their squabbles can do more than ruin an awkward summer barbecue. At stake is the economic stability of the business as well as the financial comfort of the family members. In these disputes, money can act like kerosene on the flames of family discord. The typical reaction after a fight with a relative is to take a break, but those linked by financial interest