Some of the most common conflicts and challenges that…

Some of the most common conflicts and challenges that arise in family enterprises include: Parent-child and sibling conflict over managerial control. Conflicts over managerial strategy and direction. Conflicts over ownership strategy (e.g., keep vs. sell). Conflicts between shareholders who are also managers versus shareholders who are outside the business, for example, over whether to reinvest profits or distribute them as dividends. Conflicts over employment and compensation of family members. Tensions between the spouses of family members who are owners or managers in the business. Failure of communication and understanding between trustees (family or nonfamily), the legal owners of title, and beneficiaries especially when, by the third generation, most, if not all, of the family's financial capital may be held in trust.

— from Family & Parenting (Family/Parenting)

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