The liquidity event from the sale presents a significant financial opportunity, but it also demands meticulous management to guarantee the long-term preservation and growth of wealth. Just as the family business was handled with strategic planning and governance, the newfound liquidity should be managed with the same level of rigor. In essence, treat your family wealth as you would a business.
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Read MoreGovernance can play a crucial role in the success and continuity of family businesses. It provides a framework for preserving the family legacy, introducing professionalism, resolving conflicts, managing talent, ensuring financial transparency, and fostering long-term sustainability.
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