SKM Associates LLC and the Network of Family Businesses exists to serve and assist family businesses as they build and preserve their family legacies. We work with family enterprises and closely held businesses on issues such as succession planning, communication, board and family business structure development, professional coaching and development, education, and business strategy
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The Family Council
How does a Family Council work? There is no “one-size-fits-all” template. In fact, an effective Family Council is one that is designed for the specific needs and desires of the family that it serves. Certain steps can help guide the process of organizing a Family Council. First, the family should develop a Family Charter or Family Constitution. The Family Charter defines the vision and purpose for the Family Council, and it serves as the foundational document to guide the Family Council. The Family Charter also defines the core values to be communicated to the next generation. The size of the Family Council should be determined by the size, needs, and focus of the family.