Family Business Consulting

A family business is a family-run office, operating company, or philanthropic organization. The rewards of running a family business include wealth, security, pride in creating a family legacy, and strength in interpersonal family dynamics. Naturally, there are also challenges in managing this kind of business and, if handled poorly, these challenges can become major sources of dissonance.

In our family business consulting work, we focus on addressing reoccurring issues specific to family-owned businesses: matters spanning interpersonal, operational, financial and tax areas. We leverage our expertise to guide our clients through these challenges by, first, structuring the overlap between the needs of the business and the needs of the family members.

We then advise our clients on the best styles of communication, the most effective methods of leadership and decision-making, the best ways to manage family members’ expectations of the business’s future growth, profitability, and liquidity, and the model strategies for building a successful, multi-generational legacy.

At Town CPA, we generally pride ourselves on our overall highly responsive and personalized approach to our business consulting services; but we find it works especially well in a family business setting.

To learn more about our family business consulting group services in the Boston area – including Belmont, Watertown, Waltham, Newton, Needham, Lexington, and Winchester – contact us today.