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The new "Business Families and Family Businesses" STEP Handbook for Advisers is launched: Consulting Editor: Simon Rylatt of Boodle Hatfield

The updated edition of a key guide for providers of legal and financial advice to families involved in business went on sale on Wednesday 20th June. 

The book’s consulting editor is Simon Rylatt, Partner and Head of Private Client and Tax at the law firm Boodle Hatfield, and he comments, “Family owned and run businesses represent a huge proportion of private sector enterprises in the UK and indeed globally. This new edition of the handbook seeks to provide those interested in the quirks, quandaries, intricacies and challenges of advising such businesses and their owning families with an updated and accessible guide to the associated issues. The contributors are both expert and varied and bring a broad range of perspectives for advisers to think about.”

The second edition of Business Families and Family Businesses: The STEP Handbook for Advisers is published by Globe Law and Business, together with the Society of Trust and Estate Practitioners (STEP), in June.

This new edition, which is also edited by STEP, features chapters by leading practitioners in the field, including Geoffrey Todd, Hayden Bailey and Mark Lindley or Boodle Hatfield and authors from the Family Firm Institute, Schroders, SandAire, Kleinwort Hambros, Dixon Wilson and Rathbones.

The book considers what makes business families and family businesses unique, and examines the issues that advisers are often called upon to consider and address when assisting them.

It helps practitioners to deepen their understanding of how families operate, and to develop the skills and knowledge necessary to advise on such complex areas as conflicts between working and non-working family members, ownership structure, succession, wealth management, governance and meeting a family’s philanthropic objectives.

Business Families and Family Businesses: The STEP Handbook for Advisers is a comprehensive guide for all practitioners who advise business families, including lawyers, accountants, financial advisers and wider family business advisers.

Business Families and Family Businesses: The STEP Handbook for Advisers is available from Globe Publishing or Amazon.

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