Guide to the Family Business, Canadian Edition 2003 provides sound advice on aspects of managing a family-owned firm in Canada. The authors offer practical insight into how family businesses are different from non-family ones and how business families function differently from non-business families. Those working in family businesses then their legal and financial advisors must understand these fundamental differences so they can be better prepared to meet the challenges of a family business. Drawing upon their own experience and those of their partners, who have worked with thousands of family businesses throughout Canada, the authors provide sound, practical advice on the key issues such as:

• Succession and relinquishing control
• The role of outside advisors
• Emotional factors and conflict within the family
• Preparing a strategic plan

Family businesses, regardless of the size or sector, experience many of the same demands and difficulties. By using detailed case studies and real-life examples, the authors create an understanding of these challenges, which is the first step towards dealing with them.

Annual editions supplied on standing order subscription.