Family Enterprise

Your family business's long-term success depends on the vitality of the entire system: the business entity, the family unit, and the individual family members.

For many of our high-net-worth clients, succession is more than a tax issue.  Succession is a strategy issue: taking your skill set to the grave dramatically impacts your business' ability to survive.  

Family enterprise means using a family's resources to create wealth and entrepreneurship across multiple generations.  This requires a new mindset and a unified family group with a cohesive vision of prosperity and a legacy for future generations.   

At Phronesis, we start our engagement with each client by listening and learning. Once we have a complete understanding of the business and family as a whole, we work with our clients and the whole advisor team to:

• Identify and refine your legacy 

• Build alignment around ownership vision, leadership needs, and family goals

• Create a governance framework 

• Establish a communication framework

• Think strategically about the entire portfolio 

• Help current leaders transition up, not out

• Review insurance and estate planning needs

Participation in the Family Enterprise Advisor Program, and membership with the Family Enterprise Exchange, give the lawyers at Phronesis access to resources and an excellent network of professionals to assist with the varied challenges and opportunities presented to families.