Ownership
Who holds what, and why.
All advisory & special projects services
Advisory & Special Projects
Family Business Advisory
Family businesses carry questions other companies do not: who owns what, who works in the business and how they are paid, how decisions are made between family members, and how the next generation comes in. FinAura works through these with the family, puts numbers behind each option, and helps write down what is agreed in a family constitution or policies.
- Chartered Accountant-led
- Certification through associate practising CAs
- Fixed scope, fixed fee
What is covered
What Family Business Advisory Covers
Business decisions between family members, made with numbers.
Roles
Who works in the business.
Compensation
Salaries versus dividends.
Governance
How decisions are made.
Family constitution
What is agreed, written down.
Tax effects
Of each option.
How the month runs
How It Works
Listen, analyse, agree, document.
Step 1
Listen
- Each family member
- The business
- Concerns
Step 2
Analyse
- Ownership
- Pay and dividends
- Tax
Step 3
Agree
- Family meetings
- Options
- Decisions
Step 4
Document
- Constitution
- Policies
- Legal review
Your part
What We Need From You
- 01Ownership and group structure
- 02Financial statements
- 03Family members involved
- 04Issues on the table
Our part
What You Get
- A clear picture of ownership and roles
- Options costed with tax effects
- Agreed family rules
- Documents ready for legal review
A common question
Why do family businesses need written rules?
Because unspoken arrangements about pay, roles and ownership work until a generation changes, a family member leaves or a dispute arises.
Agreeing and writing them down while relationships are good protects both the family and the business.
See succession and exit planningRulesAgreed and written
NumbersOptions costed
FamilyViews heard
Who it is for
Who It Is For
Second-generation businesses
Next generation joining.
Businesses with several branches of family
Many owners.
Founders planning to step back
Transition.
Families in disagreement
A structured process.
The rules, in plain English
What the Law Says
Companies Act, 2013
Section 247
Where the Act requires a valuation of shares, assets or a business, it is done by a registered valuer under the Companies (Registered Valuers and Valuation) Rules, 2017.
Official source: mca.gov.inFEMA (Non-debt Instruments) Rules, 2019
Pricing
Share issues and transfers involving foreign investors are priced at or above, or for some transfers at or below, fair value under an internationally accepted method, certified as the rules require.
Official source: rbi.org.inCompanies Act, 2013
Sections 230 to 232 and 233
Mergers and demergers go through a scheme approved by the tribunal, with a fast-track route for small companies, startups and holding-subsidiary mergers.
Official source: mca.gov.inThis is general information, not advice for your situation; we confirm what applies to you before any work starts.
Questions we get asked
Family Business Advisory: Questions, Answered
What is a family constitution?
A document agreed by the family that sets out how the family relates to the business: ownership, roles, pay, decision-making and how disputes are handled.
Is a family constitution legally binding?
Usually it is a statement of agreed principles; parts can be made binding through shareholder agreements or the articles, with your lawyer.
Do you mediate disputes?
We facilitate structured discussions with numbers; formal mediation or legal disputes are for specialists.
Can you restructure the group?
Yes, with the tax and company law workings, through our restructuring and ROC teams.
Often Taken Together
All 12 Advisory & Special Projects services01Advisory & Special ProjectsSuccession and Exit PlanningOwnership, management and tax planned ahead for the day the founder steps back or sells.02Advisory & Special ProjectsValuation Support and Business TransferWorkings for a sale, a partner exit or a share transfer, coordinated with practising professionals where a certified valuation is required.03Accounting & FinanceVirtual CFOA Chartered Accountant reading your numbers, planning cash and guiding decisions.04Systems & ControlsPolicies & DocumentationFinance and HR policies, employee handbooks, SOPs and business documentation.