They are often challenged to be creative

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In fact, anyone who thinks of a family holding company as an instrument specifically for inheritance due to death , that is, as if it were exclusively an alternative instrument to probate and a will, is mistaken. It can be used for succession planning, of course, but there is no direct relationship. Not long ago, three elderly brothers (perhaps thinking about their own succession) set up a family holding company to take on some investments that presented themselves with an opportunity – with great potential for profits.

Instead of becoming partners as individuals, they set up a business bulk sms usa corporation that assumed the status of partners in that business (and later in others). The scenario recommended this: the prospects for profits, the commitments, the formulation of a strategic plan to operate in a new sector, among other expected benefits. Their presence in the new corporation was as a family, but through a legal entity with rules that met their needs. A detail for illustration: because of their other businesses, they already participated in other holding companies, although with non-family partners.

As can be seen, there are a significant number of commercial situations that require the intervention of a lawyer and, for many of them, a holding company (family or otherwise) is an alternative to be considered. For this reason, corporate lawyers – and lawyers in related areas, such as contract lawyers – have been accelerating their presence in society, driven by the changes seen in the national and global economy.