The procedure to follow in the event of the main entrepreneur’s death.<\/li>\n<\/ul>\nThis protocol ensures the continuity and proper functioning of the business in the long term.<\/p>\n
Succession planning<\/h3>\n Succession planning is crucial, especially when there are multiple heirs. It is advisable to discuss these issues with the heirs when designing the family protocol, determining participation percentages and other relevant aspects. Negotiation and mutual respect are essential to avoid future tensions.<\/p>\n
Professionalizing management<\/h3>\n Incorporating an external worker or ensuring that a family member has the necessary training for managing the Ltd is vital. Professional management helps prevent errors and guarantees the operational efficiency of the business.<\/p>\n
Family council<\/h3>\n The family council is essential for defining the succession process, establishing rules for the entry and exit of members from the company, and determining the roles of spouses. This council lays the groundwork for business values and ensures the continuity of the business across future generations.<\/p>\n
Company mission<\/h3>\n Clearly defining the company mission is crucial. This involves establishing a clear roadmap and ensuring that all family members understand and share it. A well-defined mission prevents doubts and maintains the stability necessary for business success.<\/p>\n
Conclusion<\/h2>\n Setting up a family Ltd with your children<\/strong> can be an excellent option for consolidating the family business and ensuring its continuity. However, it is essential to follow appropriate steps, such as establishing a family protocol, planning for succession, professionalizing management, forming a family council, and defining the company mission. At Emprendix, we are prepared to advise and accompany you at every stage of this process, ensuring that you make the best decisions for the long-term success of your family business.<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"We explain how to set up a Ltd company in Palma de Mallorca with your children and\/or relatives, and everything you need to consider to avoid problems.<\/p>\n","protected":false},"author":1,"featured_media":62153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-62145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\n
Set up a Ltd company with your children in Mallorca<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n\t \n\t \n