Family Business to Family Office

When a family business is sold, there can be significant amounts of cash released and when these amounts reach certain levels, it may be appropriate for you to consider the establishment of a Family Office to manage your family wealth.There are options available to you regarding the type of family office you establish and we cover those in this episode. We also look at the timeframes you should be considering when making the decision to establish a family office and the discussions needed to ensure that there is purpose and a vision for the wealth and that a plan exists to achieving that. We look at the impact on dynamics of moving from an operating company that generates the family wealth to running a business that aims to preserve that wealth.If you would like to know more about my guest on this weeks show you can visit her website: www.tamarindpartners.com You can also email Kirby at: Kirby@tamarindpartners.comWork With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now