Australia: Inaugural National Family Business Day
Last Updated: 24 September 2012

Today marks the first National Family Business Day, a day designed to recognise the contribution family businesses make to the Australian economy and culture but also welcomes a parliamentary inquiry in to family businesses.

Family businesses have long been the backbone of Australia's economy and today marks an opportunity for family businesses to have improved consultation in to government policy as well as being recognised by the wider Australian business economy.

One of the aims of the inquiry is to help address the challenges that family businesses face including business succession and needs of family members who are shareholders but don't work as part of the business.

At Swaab, we understand the importance of effective succession planning for our clients and have worked with a number of our family business clients to put the right measures in place to protect both their business and stakeholders. We have created a series of guides to assist our clients, including:

We have also created a number of checklists including shareholder agreements and family constitutions, which can be made available upon request.

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