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Processes for Developing Secondary Wealth

In: Ownership in a Family Business as a Profession

Author

Listed:
  • Hermut Kormann
  • Monika Susanne Börner

Abstract

The total assets, which consist of the original company and the secondary assets, must be structured according to the requirements and objectives of the owning family. The secondary assets have the task of balancing the disadvantages of investing in the family business in terms of the overall objective. This overall objective must be developed by the family shareholders themselves. Two major areas of influence are decisive: the development status and risk of the original company, as well as the life circumstances of the entrepreneurial family, which can change significantly over generations.

Suggested Citation

  • Hermut Kormann & Monika Susanne Börner, 2024. "Processes for Developing Secondary Wealth," Springer Books, in: Ownership in a Family Business as a Profession, chapter 0, pages 121-130, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-45255-1_9
    DOI: 10.1007/978-3-658-45255-1_9
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