Family businesses in Australia make up around 70% of all businesses*. They range in sizes from SMEs to large businesses and are across a wide range of industries from retail to farming.
Being part of a family business can be both rewarding and challenging. Challenging because of the ways in which business ownership, management and family relationships overlap, creating complexities and emotional issues, particularly around money and control.
Many of Crowe Horwath large SME client base are family businesses. To assist in the successful operation of your family business and show you how to overcome some of the challenges unique to family businesses, Crowe Horwath has prepared a family business resource.
A successful family business requires planning and communication!
Our guide includes a range of strategies to assist you in the management of a family business and demonstrates how planning for the future can ensure a better outcome for you, your family and the people in your business.
Throughout the brochure you’ll find a range of activities and checklists to get you thinking about your family business. You’ll also find a range of tips to highlight the tax implications and how you could do things more tax efficiently.