FAMILY BUSINESS

Family businesses play an important role in Argentina from both the economic and the social standpoints. This is borne out by the national wealth they generate and the many workers they employ. Nevertheless, a substantial proportion of family businesses do not survive beyond the second or third generation. 

 

The family businesses that have achieved steady, consolidated growth over time are those who have known how to combine the three mainstays of any family business: ownership, the family and management.

 

Accordingly, family businesses need unique responses to specific situations. They require a global approach that adapts to the complexity of their reality.

Specifically, the firm provides family businesses with legal support in the following aspects:

  • Negotiation and implementation of family protocols, covenants and bylaws

  • Governing bodies: structuring tasks and responsibilities, and providing recurring legal advice

  • Family tax planning: designing structures, hereditary property and wills, family risk detachment, and family savings

  • Corporate restructuring of companies or family groups

  • Remuneration policies and dividends

  • Assessment and system development for share sales

  • Standards of good governance

FAMILY BUSINESS PROFESSIONALIZATION

:

  • Integration of family and business strategy into the management professionalization process. Planning for and management of organization changes.
  • Definition and application of target-based annual variable compensation systems.

  • Design and implementation of medium- and long-term incentives.

  • Design of executive development plans.

  • Design of compensation systems linked to the retirement of family business executives.

  • International HR management in family business internationalization processes: Design of expatriation and tax optimization policies for international assignments.

  • Comprehensive advice on terminations of employment and independent contractor relationshi

CORPORATE LAW AND COMMERCIAL CONTRACTS

  • Preparation of shareholders' agreements aimed at protecting the family business and legal implementation of family protocols.

  • Collaboration agreements. Alliances and joint ventures at both domestic and international level.

  • Legal advice on business internationalization both in terms of set-up (representative office, branch, company, company acquisitions, etc.) and in terms of contractual formulas (sale and purchase, supply, agency, distribution and franchise, etc.).

  • Legal advice on the financing of the family business: bank financing or from public entities, debt issues, acquisitions of stakes by financial shareholders, Alternative Stock Market (MAB), Alternative Fixed-Income Market (MARF), etc.

  • Business restructurings and corporate reorganizations, including transactions involving structural modifications (mergers, spin-offs, etc.).

  • Advice on and execution of processes for the sale and purchase of family businesses.

  • Ongoing advice to large businesses and high net worth clients, including board secretary services.

  • Design of business governance structures and establishment of corporate governance and preventive risk control standards.

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