Family Business Mediation
Family businesses often exhibit a high level of conflict, resulting in difficult business and personal issues. These disputes often have the quality of a divorce. In family held enterprises, especially those where the second generation has taken control, there may be ongoing resentments and inequalities of contribution that result in family business conflict. In addition, balancing the transfer of wealth between the active participants and the family members who are stakeholders but not working in the business can cause great conflict and resentment.
Managing family business conflicts in a family business is an ongoing and difficult task. While a family business can be of great benefit to members of a family, it often suffers from conflict in aims, goals, participation, and contribution, resulting in damage to the business and to family relationships. Mediation is an effective method to provide family business conflict resolution in order to help family members, both active and passive participants in the business, come to terms about goals, structure, control, and money issues.
Throughout the family business mediation process, many issues may be discussed including: