Dr Nils Christian Wighardt and Jonathan Storz explain the reasons for involving young family members in family enterprises at an early stage. To protect young family members as well as the family enterprise, the involvement of the juniors should be accompanied by specific regulations in the shareholder agreement. Although this does not guarantee a successful business succession, in many cases it leads to an emotional bond between the successor and the company. The involvement of young family members is also attractive from a tax point of view.
