Family Business Finance Questions
Running a family business comes with unique financial challenges. We've gathered the most common questions Australian family businesses ask us, along with practical answers that can help you make better decisions for your business and family's future.
Business Structure & Planning
Should we separate family money from business money?
Absolutely. Even in the closest families, mixing personal and business finances creates confusion and potential legal issues. We help you set up proper separation that protects both your family assets and business interests while maintaining the flexibility family businesses need.
How do we handle salary versus dividends for family members?
This depends on your business structure and tax situation. Generally, working family members should receive market-rate salaries for their actual contributions, with additional returns distributed as dividends or distributions. We can model different scenarios to find what works best for your family's circumstances.
What happens if family members disagree about money decisions?
Clear governance structures prevent most money disputes. We help establish decision-making processes, spending authorities, and conflict resolution mechanisms before problems arise. Having written agreements about financial decisions saves relationships and businesses.
Succession & Inheritance Planning
Estate Planning Coordination
We work with your legal team to ensure business succession plans align with family estate planning. This prevents tax surprises and family conflicts when transitions happen.
Next Generation Preparation
Financial education for family members entering the business, including understanding cash flow, profit sharing, and their responsibilities as business owners rather than just employees.
Transition Timing
Most families wait too long to start planning. We recommend beginning conversations about succession when the current leadership is healthy and engaged, typically 10-15 years before intended retirement.
Meet Your Family Business Advisor
Kassidy Rosewood
Senior Family Business Financial Advisor
With 15 years helping Australian family businesses navigate complex financial decisions, Kassidy specializes in multi-generational planning and family governance. She's worked with over 200 family businesses, from small retail operations to large manufacturing companies, helping them balance family harmony with business success.
Tax Optimization
Strategic planning to minimize tax burden while maintaining compliance and supporting business growth objectives.
Cash Flow Management
Systems to track business performance separately from family needs, ensuring both are properly funded.
Governance Development
Creating family business policies that address compensation, decision-making, and conflict resolution.
Ready to Discuss Your Situation?
Every family business is different. Schedule a consultation where we can discuss your specific challenges and explore solutions tailored to your family's goals and values.
Schedule a Consultation
Book a 90-minute session to review your current situation and discuss potential strategies. We'll provide specific recommendations you can implement regardless of whether you choose to work with us.
Direct Contact
Call us at +61354437245 or email support@flerisavial.com. We typically respond to inquiries within 24 hours and can arrange urgent consultations when needed.
Office Location
Visit us at 64 Brisbane St, Hobart TAS 7000. We also conduct video consultations for clients throughout Australia and can travel to your business location for comprehensive planning sessions.