Family and business?

[Atif3786]

Starting a business can be an exciting but challenging experience. Going into business with your family members or adding someone from your family to your team after you expand can seem like a good idea on the surface since you may feel like you can trust them more and be more comfortable around them.

 

[Johnbami]

What can be done in this process is very simple if you said you should go to the family to make all of them sit at the round table and discuss about it it might not end up well so the best thing to do is go to court so that they called to set it for every one of you and if God to settle it for everyone then definitely you will come out the winner or

 

[Erik4150]

HIRE A COMPETENT LAWYER, Not all lawyers are experts in property transactions. It is not enough that you hire a lawyer, yes all lawyers have some idea about property law, but there are some issues which someone who is not a specialist in property matters would easily miss.

I agree with you. A competent lawyer who is an expert on property laws should be contacted. He will be able to settle this case in the best way possible. The family might reach an agreement or take the matter straight to court.

 

[Shigobad20201]

Land disputes among extended families over properties purchased as an real estate company, what are the actions to be taken?

Land dispute are very common between a large extended family that their parent left a lot of land for as their inheritance, if you are a real estate ageng and wants to buy that kind of land , its normal to carry your lawyer along or else you will pay for the land twice when the family started coming out and yptelling you the person that officially sells the plan plan you is not the owner.

 

[Goodday]

Well, the question the thread is about seems technical but in my own opinion, l think it's better to start your own business and don't consider family relationship much in the business because if you do, the family members may help collapse the business unmatured.

 

[Caali]

In my opinion if you have a big family then take the most efficient and educated to your business and work together, after some time when the business grows, set them free by creating your branches / divisions in different areas.

 

[KvngMurphy]

If you can’t stand to risk making someone uncomfortable by documenting a financial business transaction, how do you expect to communicate effectively or ask any questions that may upset your business partner? Successful businesses are made based on the decision makers’ ability to put logic ahead of lofty dreams. Unfortunately, relationships are not based on logic; they are emotional, which is why the risk of things going bad is high

 

[Blessedsam60]

This is a critical situation especially when land and property dispute is involved. Let me advise that they should take all cases with legal actions and this will be more effective to sort this mess.

 

[GIFTMICHAEL]

Land disputes among extended families over properties purchased as an real estate company, what are the actions to be taken?

Family will definitely must be above every other thing some people have destroy their family because of dispute over real estate property. One of the factors that has caused a lot of issues among families is land and property.

 

[Greatguy1]

Land disputes among extended families over properties purchased as an real estate company, what are the actions to be taken?

get a lawyer to read out the will of whoever is passing across the property. If there is no will then the lawyer has to sit down with each family member and decide the percentage of shareholding or the proportionality of what is to be shared amongst family members.

 

[Damismiling]

Land disputes among extended families over properties purchased as an real estate company, what are the actions to be taken?

This is a common dispute in some families, please before you venture into real estate ensure that their is no legal or family dispute on the property as this may later affect you in the future.

 

[Bkoks]

Family and business should not be mixed together just like business and pleasure .

 

[nasiusman95]

A family-owned business may be defined as any business in which two or more family members are involved and the majority of ownership
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A family-owned business may be defined as any business in which two or more family members are involved and the majority of ownership or control lies within a family. Family-owned businesses may be the oldest form of business organization. Farms were an early form of family business in which what we think of today as the private life and work life were intertwined. In urban settings it was once normal for a shopkeeper or doctor to live in the same building in which he or she worked and family members often helped with the business as needed.
[automerge]1612901633[/automerge]
A family-owned business may be defined as any business in which two or more family members are involved and the majority of ownership or control lies within a family. Family-owned businesses may be the oldest form of business organization. Farms were an early form of family business in which what we think of today as the private life and work life were intertwined. In urban settings it was once normal for a shopkeeper or doctor to live in the same building in which he or she worked and family members often helped with the business as needed.

 

[Bkoks]

Family and business should not be mixed together just like business and pleasure . It is true they are family, but for peace to rain family relationship should not extent to business field. The rules, deal and regulations should apply to everyone participating in the business irrespective of family relationship. Any refusal to adhere to the instructions should face the music of penalty.

 

[singlej007]

Land dispute is a serious issue that need to be given attention too to avoid issue that will lead to death, I advice family with land or real estate issue should go into dialog and settle the matter accordingly.

 

[sam386150]

Family and business is a very nice idea because it will bring everyone together and also you will develop a very big amount of love in the family, but I know it requires skills and tactics, you need to be very vigilant you're bad the family member you employs into the business.
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Family and business is a very nice idea because it will bring everyone together and also you will develop a very big amount of love in the family, but I know it requires skills and tactics, you need to be very vigilant you're bad the family member you employs into the business.

 

[shakky2]

before buying any property as a real estate agent be sure that the property is genuinely sold and if it's the case that it's a family property make sure the documents are completely agreed on by the entire family

 

[Olubayo12]

Land disputes among extended families over properties purchased as an real estate company, what are the actions to be taken?

I would advise you to steer clear of any dispute with your family regarding land or no land issues especially if you are an African. They can do and undo when it comes to property issues, the best is to leave the matter and walk away.

 

[Tariq Shehzad]

in a circumstance like this, one requirements to make a legitimate move, or recruit a specialist in real estate the executives to do the all out costing and gauge of the property, all individuals included will be available including every individual attorney, so it will be totally lawful, and it will all be shared to everybody similarly.

 

[Diamond07]

Land disputes among extended families over properties purchased as an real estate company, what are the actions to be taken?

You need to evaluate cost of the said property, and I'm sure there would be a detailed document of purchase. The intervention of a lawyer will be needed to look into the matter and end such disputes