Susan Rix
Consultant, Business Services
Family businesses have a unique character. Some of the country's most successful and professional companies, many of which are household names, are family-owned and run, while family businesses of all sizes and types dominate Australia’s private sector.
At BDO we have more than 25 years' experience working closely with family business. We offer professional advice, business solutions and ideas tailored to your needs - built on a relationship of trust and mutual understanding.
How BDO can help
We share our wealth of knowledge and expertise to provide expert advice on issues specific to family business, supported by extensive education and research and accreditation of our family business consultants.
Our approach has been developed and tested under the most challenging circumstances, with results proven to be successful, flexible and adaptable to your family’s needs.
There are five stages to the process:
1. An initial family gathering covering the principles of owning a family business.
2. Meeting individually with family members and key stakeholders using a specially developed questionnaire.
3. Identifying and prioritising key issues for the family and the business, which are used to develop a draft family charter.
4. A family retreat over two days at which family members reach a consensus on issues, complete a family charter and establish a family council.
5. Post-retreat follow up; the completed family charter is usually issued at the next family council meeting.
