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Family / Partnership Issues in Business

It is important that such issues are addressed before the need arises; by executing and documenting a Governing Constitution addressing all fundamental issues :

  • Clarity  – Purpose & Strategy defining it
  • Defining Roles  & Responsibilities
  • Business plan for next few years
  • Decision Making process both Individual / joint
  • Salary /withdrawal and perks mechanism
  • Expansion  – Diversification or alternate business  / sources of income
  • Conflicting activities
  • Resolution of Deadlock
  • Induction / criteria for involving second generation
  • Graceful Exit plan

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