How to Protect Your Family Business
About the Training/Workshop
Overview
Most businesses are family-owned in the Philippines.
While starting a business with family members has its advantages, this can also be the root cause of conflicts and fights. If not properly addressed, this could destroy family relationships that could span for several generations. Bitter rivalries and animosity could result in numerous lawsuits being thrown against each other resulting in huge expenses and liabilities.
A few well run and managed family business know this and have taken measures to avoid this from happening. The key is to learn best legal practices in running and managing a family business.
Objective
The primary aim of the seminar is to teach and train entrepreneurs and business managers on how best to protect their family business, as well as to avoid conflicts and fights within the family. Further, best legal practices will be taught to provide them with the legal knowledge, skills, and techniques on how best to apply what they’ve learned in the seminar.
Who Should Participate
The seminar is designed for entrepreneurs and business managers with family businesses and who are keen on improving their legal knowledge and skills, as well as those who want to learn best legal practices to protect their businesses and companies from lawsuits and liabilities.
Key Topics
A. Family Business
1. Founders
2. Family members
a. Managing
b. Non-Managing
c. Participating
d. Non-Participating
3. Conflicts and Problems
i. Control of the business
ii. The extent of Share in the Business
iii. Salaries of Managing Family Members
iv. Return on Investment of Participating Family Members
v. In-Laws, Nephews, Nieces, Grandchildren
vi. Going Public – Initial Public Offering
4. Best Legal Practices to Avoid Conflicts and Problems
B. In General
1. Family Constitution
2. Management Code
3. Master Agreement
i. Shareholders Agreement
ii. Partners Agreement
4. Professional Management
i. 3-Generation Rule: Professional Management
ii. Publicly-Traded Company
C. Sole Proprietorship
1. Concept of Sole Proprietorship
2. Organizational Structure
i. Sole Proprietor
ii. General Manager
iii. Managerial Employees
iv. Supervisory Employees
v. Rank and File Employees
3. Authority Documents
i. Special Power of Attorney
4. Investors
i. Loans
ii. Profit-Sharing
iii. Profit-Sharing/Joint-Venture
D. Partnership
1. The concept of a Partnership
i. Articles of Partnership
ii. By-Laws
2. Kinds of Partnership
i. General Partnership
ii. Limited Partnership
3. Organizational Structure
i. Partners
ii. Managing Partner
iii. Managerial Employees
iv. Supervisory Employees
v. Rank and File Employees
4. Authority Documents
i. Partnership Resolution
5. Investors
i. Loans
ii. Profit-Sharing/Joint-Venture
6. Dissolution and Winding Up
E. Corporation
1. The concept of a Corporation
i. Articles of Incorporation
ii. By-Laws
2. Kinds of Corporation
i. Domestic Corporation
ii. Closed Corporation
iii. Foreign Corporation
3. Organizational Structure
i. Shareholders
ii. Board of Directors
a. Chairman
iii. Corporate Officers
a. CEO
b. President
c. Secretary
d. Treasurer
e. Vice-Presidents, etc.
iv. Executive Committee
v. Managerial Employees
vi. Supervisory Employees
vii. Rank and File Employees
4. Authority Documents
i. Board Resolution
ii. Directors’ Certificate
iii. Secretary’s Certificate
5. Investors
i. Shares
ii. Loans
iii. Profit-Sharing/Joint Venture
6. SEC Compliance
i. Annual Election of Directors and Corporate Officers
ii. Annual Shareholders Meeting
iii. Annual Board of Directors Meeting
iv. Annual Audited Financial Statement
v. General Information Sheet
vi. 2/3 Shareholders Vote on Certain Business Decisions
7. Corporate Devices
i. Shareholders Agreement
ii. Voting Trust Agreement
iii. The right of First Refusal
iv. Appraisal Right of Dissenting Shareholder
8. Dissolution and Winding Up
F. Professional Management
1. Professional Managers
i. Executives
ii. Managers
iii. Accountants
iv. Lawyers
2. Retaining Control of the Business
G. Integration
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Click here to -> CHECK SCHEDULE
TIME: 9:00 AM to 4:00 PM
VENUE: Unit 2 2/F Intellect Bldg. MacArthur Highway, Brgy. San Sebastian, Tarlac City, Tarlac
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Click here to -> DOWNLOAD MANUAL REGISTRATION
OR
Click here to -> REGISTER ONLINE
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Contact Details:
Contact Numbers: (045) 923.1751 or text/call 0920.959.4020 or 0949.993.9043
For inquiries, you may also leave a message in our CONTACT FORM.