Startup Funding Espresso Functions of the Family Office
Functions of the Family Office Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The family office provides many functions in a family business. Here\u2019s a list of functions to consider including in your family office: Wealth management - this involves setting objectives, identifying investment opportunities and providing ongoing oversight. Impact focus -- this includes pursuing investments and activities that promote a social, economic, or governance cause. Investment management -- this includes designing an investment thesis and pursuing opportunities that meet that thesis. Security and privacy -- this includes taking steps to secure the identity of the family members and mitigate cybersecurity threats. Succession planning:\xa0 this includes preparing the next generation for leadership roles and transitioning functions from one generation to the next. Tax management -- this includes managing tax returns and structuring investments for optimal tax outcomes. Compliance -- this includes understanding and meeting compliance requirements for tax and other regulatory bodies. Some of these functions can be outsourced to providers who offer such services. Consider these functions for your family office.\xa0 \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .