A family-run business is one that’s been passed down the generations or in which more than half of the shares are in the control of a single family. Keeping business in the family can have its advantages and disadvantages, as the Business Gateway guide to family-run businesses explains.

The benefits of common values and stronger loyalty and commitment, for example, may be outweighed by the greater potential for conflict in a family business. Read our quick guide to consider whether starting, leading or working in a family business could be right for you – and your relatives.

The free guide takes a look at:

• advantages of a family business
• what to consider when starting a family business
• communication in a family business
• managing conflict in a family business
• pay and benefits for family members
• succession planning in a family business

Yes, if you are thinking about starting, or already run, a business in Scotland.

This is a free and impartial service.

Any new or existing family-run business in Scotland, at any stage in its life cycle.

It takes 7 minutes to read Business Gateway’s guide to family-run businesses.

How you pay family and non-family staff members must be fair and transparent. Taking impartial advice on your remuneration policy can help it to be seen as fair and objective. 

Visit the Business Gateway website for more advice on family-run businesses.