Defining Ownership Roles Is Key to Family Business Success

September is here, and for those of us in the northern hemisphere, the fall season has officially begun with the autumnal equinox this past Sunday.

This month, we’ve included new articles discussing the importance of defining ownership roles in a family enterprise and the documentation that can minimize confusion and conflict. Plus, we have the honor of welcoming a new Wingspan partner, George Jackoboice !

Insights

Defining Ownership Roles Is Key to Family Business Success

Defining ownership roles in a family business is critical to its long-term success, yet often overlooked. In this piece, Hillary Sieber explores the challenges and importance of clearly defining these roles, providing actionable steps for families to avoid confusion and conflict. Whether you’re a passive owner, board director, or active owner-operator, understanding your responsibilities is key to ensuring both family harmony and business continuity. Read the full article to learn more about aligning family and business interests for sustainable success.

Seven Essential Documents for Family Businesses

For family enterprises, having a clear plan isn’t just about today—it’s about securing the future. This article from Partner Maryann Bell delves into the essential documents that every family business should have in place. From the Family Constitution to Succession Plans, these frameworks ensure smooth transitions, clear communication, and long-term success. Learn how these documents can safeguard both family relationships and business operations, helping to align your family’s goals with the needs of the enterprise.

Welcome to Wingspan

We are excited to welcome a new Operating Partner to Wingspan: George Jackoboice . With 26 years of family business experience, George has led Monarch Holdings, a fifth-generation family business with deep roots across multiple industries. His work co-founding FairChase Advisors shows his passion for exploring new opportunities and supporting growth—values that align perfectly with Wingspan.

George will be helping us think through additional ways to support business families with new offerings. His experience and forward-thinking approach will be a great asset to the Wingspan community. Welcome, George!

Wingspan Forum

Wingspan Forum, our exclusive members program for the Rising Gen in family enterprises, is now accepting applications. With the inaugural cohort launching in Miami, FL, in April 2025, this yearlong program offers a unique opportunity to learn best practices and build lasting connections within a strong peer network. Supported by educators, practitioners, and Now Gen mentors, members will gain valuable insights to help them lead and steward their family legacy. Click below for more information and to learn about the application process.

Upcoming Events

• The Global Family Firm Institute (FFI) 2024 conference will be held in London from October 23 to October 25, hosted by the London Business School. Andrew Peddar from Wingspan will be attending.
• Christina Wing will present at the Institute for Family Governance (IFG) Miami Conference on December 5 on the topic “Does Avoidance of Difficult Conversation Prevent Good Governance?”

About Wingspan

Wingspan Legacy Partners, founded by Christina Wing, is a family business, family office, and family impact advisory practice, providing global families, founders, and the rising generation with ongoing guidance to build and preserve their legacies.

Our expert team provides candid counsel on strategic planning, succession planning, corporate and wealth governance, Rising Gen leadership, and more, helping family enterprises strengthen connections between family dynamics, business operations, and community impact. Learn more at Wingspan Legacy Partners.

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