The challenges underlying succession in family business have always been cause and consequence of its own failure in forthcoming generations. In Portugal, around 50% of family-owned businesses are bound to close their doors before they reach the second generation whereas only 20% manage to endure until a third generation. The process of succession in family business does not find an adequate response in the Portuguese legal system. In this study, we reach further into the matter of succession planning in the family business context and scrutinize its peculiarities while establishing a clear distinction between ownership and control (management), and the legal mechanism to which family-owned companies must abide shall they want their business to endure in time.
| Date of Award | 6 Nov 2014 |
|---|
| Original language | Portuguese |
|---|
| Awarding Institution | - Universidade Católica Portuguesa
|
|---|
| Supervisor | Rita Xavier (Supervisor) |
|---|
- Family business
- Legal mechanisms
- Planning
- Succession
- Family protocol
A sucessão numa empresa familiar: enquadramento jurídico e estudo de caso
Sousa, L. S. S. E. F. D. (Student). 6 Nov 2014
Student thesis: Master's Thesis