Creating a written family constitution has become accepted as a best practice for family enterprises, especially those involved in a transition. But what kind of family constitution are you going to create?
A new white paper by Wise Counsel Research's Christian Stewart proposes that there are three main “archetypes” or common patterns of family constitutions and that each of these three archetypes has their advantages and disadvantages.
Just naming and exploring these archetypes can help a family to be more conscious of their choices. And Christian outlines the characteristics of a “Wise Constitution” as well.