Walsh Family Business Advisory Services

Walsh FBAS offers family business succession planning services. With a proven process that has been perfected over 25 years by the Chair of Walsh FBAS’s Board of Advisors, Grant Walsh, Walsh FBAS is able to bring family businesses through the management succession and ownership succession processes successfully. The succession process includes establishing formal family business communication forums (Family Business Meetings & Family Council Meetings) to address all of the management succession and ownership succession issues. Walsh FBAS will help you set up these forums and facilitate the meetings until the succession process is complete. This process will culminate in a set of Family Business Rules (i.e. Family Constitution), which gets framed legally into a comprehensive shareholder’s agreement that will guide the generations to come. Specific areas of expertise include: • Assessing the ‘readiness’ of family businesses for the transition/succession process • Helping families prepare for and navigate through the transition/succession process • Providing options for both management and ownership succession within family businesses • Facilitating family meetings (active family members) and Family Councils (broader family) • Developing family business ‘Codes of Conduct’ or ‘Family Rules’ to help prevent potential conflict among family members • Assisting in the development of effective shareholder agreements that meet the needs of both the family business and the family (i.e., decision making, exit strategies, distribution policies, executive compensation) • Coaching individual family members as the family business evolves • Development and implementation of family wealth planning programs • Analyzing current trends in family business