We get that legacy matters

How you pass on your business, if at all, probably feels like the hardest decision you’ll ever make. It helps to have someone who’s been there before. We are your PwC

Sian Steele, Private Business and family confidante

Whether to pass on the business, or not. How to hand over but continue to protect and provide for the family in the future. How to hold the family together. When you’re faced with big decisions, it can feel like everyone has a point of view. It can be difficult to keep perspective, to keep sight of what’s important. The pressure can build, as can the feeling of isolation.

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Over the years Sian has helped many family business leaders grapple with the really big questions in their life. She’s probably seen it all, from squabbles and tears of frustration to tears of happiness; Sian has helped families work through difficult and sometimes emotional issues in relation to the businesses they own. She knows that different things help different people. From long walks to talk things through (or sometimes say nothing at all), through to sharing her experience and helping to weigh up options. She’s a sounding board that helps leaders of family businesses get to the right place, for them, their families and the employees that look up to them.

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Insights

Corporate Governance: Time to act

Corporate Governance: Time to act

Following the recent adoption of the new Corporate Governance reporting regulations extending sustainable and responsible governance practices to U.K. private limited companies, those businesses will need to quickly assess their corporate governance framework and reporting to be compliant from 1 January 2019.

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Private businesses are increasingly using debt finance to fund transactions with shareholders. Is this appropriate for you?

Private businesses are increasingly using debt finance to fund transactions with shareholders. Is this appropriate for you?

Having grown their business successfully over a number of years, shareholders can often find that they have a sizeable proportion of their personal and family wealth tied up in one business. Often, shareholdings in a company can end-up split amongst founders and their “friends and family”, who may have helped support the entrepreneurs with startup capital.

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