Family-owned businesses in India face unique legal challenges, including succession planning, regulatory compliance, and conflict resolution. They operate under frameworks like the Companies Act, 2013, the Partnership Act, 1932, and the Hindu Succession Act, 1956, which govern corporate structures, taxation, and inheritance laws.
Succession planning is addressed through tools like family charters, trusts, wills, and corporate structuring. Family businesses often create governance structures and use trusts for wealth preservation and tax efficiency, while holding companies help manage assets.
Private wealth management for high-net-worth individuals focuses on tax optimization, asset protection, and cross-border wealth management. Disputes are often resolved through mediation, arbitration, and clear agreements, with legal experts guiding family businesses through succession and wealth management complexities.
