When a founder dies
When a founder dies, families can go to war for reasons far more emotional than economical. Relationships forged in childhood don't always translate into effective working relationships in a shared business concern. At the same time, family members who have been longtime employees in a business may feel that they have a deeper stake in the business than cousins and siblings who have worked elsewhere.
Divorce
Likewise, divorce breaks up more than a few family businesses. Both partie in a divorce frequently do valuation if a family business is involved as a prime asset.
Family matters are critical drivers for valuation.
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