Powered by OpenAIRE graph
Found an issue? Give us feedback
addClaim

Family Businesses and the Business of Families: A Consideration of the Role of the Lawyer

Authors: Hobbs, Steven H.; Hobbs, Fay Wilson;

Family Businesses and the Business of Families: A Consideration of the Role of the Lawyer

Abstract

The principal theme of this article explores the impact to the family and the business when the family structure is shattered, and devises an analytical process for lawyers to work with family business owners and/or managers to minimize the impact on the business. The article draws on family systems theory as used in family therapy and as relied upon by many family business consultants. Part One considers the economic and social significance of small and family-owned businesses to our society. Part Two borrows from the theoretical literature of family therapy to describe a framework and context for working with clients who own family businesses. This literature provides insight on how families function and suggests a frame of reference for assessing problems presented by a family owning a business. Part Three furthers the inquiry by focusing on how issues facing a family business are often interrelated with issues facing the family itself. Part Four proposes an analytical model based on a family systems perspective which could aid lawyers in solving legal problems of the client involved in a family business. The process considers how to gather social, emotional, legal, and financial information useful for structuring a solution to the problem. Part Five presents a hypothetical problem to which the family systems approach is applied.

Country
United States
Related Organizations
  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Upload OA version
Are you the author of this publication? Upload your Open Access version to Zenodo!
It’s fast and easy, just two clicks!