Advice on family business

"Our father was well past normal retirement age but found it difficult to give up and be certain of the future both for himself and the business."

Eimear Begley, Caroline MacCurtain and Derville O'Sullivan are directors and owners of O'Sullivan's Shoes Limited in Limerick which retails shoes for children and adults through its shops in the city.

Working with our PRIMA service allowed Eimear and her sisters to step it out in control of the business, which had been started by their father.

You need to walk on tip-toe when moving a business to the next generation.

 

As with many family businesses, goodwill abounds but finding a suitable time and method for a hand-over may prove difficult, and needs delicate and independent handling.

For many years, experienced Grant Thornton partners have been resolving some of the delicate situations that can arise in business relationships. We have brought these skills together under a package of advisory services known as PRIMA or People and Relationship Issues in ManAgement.

Contact
Dublin - Conor Blackwell
Partner
T +353 (0)1 6805 805

Limerick - Brendan Lane
Director
T +353 (0)61 312 744