Are we speaking the same language?
Cindy Radu and Matthew Braithwaite identify points of confusion when discussing family business terminology in different jurisdictions
Key points
What is the issue?
The distinction between a family business and a family enterprise is not well understood, which can have wealth transition planning implications.
What does it mean for me?
On the cusp of the pending global transition of trillions of US dollars of wealth, families are looking to advisors for assistance in transitioning all of their financial assets, not just the family business.
What can I take away?
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