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Filtered by tag: Family-Owned Business — View all
Avoiding Ethical Pitfalls in the Representation of Family Businesses
As all attorneys know, maintaining an ethically sound practice is one of the fundamental requirements of the legal profession. Nowhere is this requirement more pronounced than in the representation of a family-owned business, which typically presents a variety of complex dynamics for the attorney’s consideration. Dealing with multiple familial owners—as well as the emotional ties between those owners—can often place lawyers in a difficult position, especially from an ethical perspective. However, as long as careful practices are adhered to, many potential ethical pitfalls can be easily avoided.
