Description

Statistics showed that only 5% of the business can be sustainable for 10 years, 0.39% for 20 years and 0.025% for 30 years. In Hong Kong, family business comprises more than 60% of the business.However, only around 4% have comprehensive family legacy planning. Therefore, it would be one of the biggest challenges for the family business owners to sustain their business for longevity.

In order to sustain the family business, it is important to consider culture, council, constitution and taxation of business and family succession during the planning, implementation and monitoring of the succession process.

In this seminar, the speaker will share the key risks and factors of family business sustainability, and how family legacy planning could contribute to the sustainability of family business.

1.Risks facing family business for sustainability

2.Key success factors for sustainability of family business

3.The Holistic Wealth Family Legacy Five-Dimension Model

4.Family legacy planning with consideration of culture, constitution, culture and taxation.