Family-Owned Businesses

Family-owned Businesses Sector

Naji Khairan Advocates & Legal Consultants specialized in working with family-owned businesses in Saudi Arabia. The company’s founding partners have authored several articles, participated in interviews, and conducted workshops both within the Kingdom and internationally, focusing on family-owned businesses and related legal matters.

At NKL, we specialize in legal services for family-owned businesses, ensuring they thrive across generations. Our expertise includes wealth structuring for financial security, succession planning for smooth transitions, and family governance to clarify roles. We also support family office structuring for compliance and efficiency, and offer guidance in dispute resolution to maintain harmony. Trust NKL to help secure your family’s legacy.

Services provided to the corporate sector:

1. Family Constitution

Building strong, clear relationships within a family is crucial, and a family constitution plays a key role in establishing solid foundations and clear milestones. With recent developments in the legislative system, the family constitution has become even more significant, particularly with its increasing relevance to the articles of association of companies, depending on the nature of the business.

Support in Drafting the Constitution

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Drafting the Final Constitution

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Implementation Support

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Legal Review

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

2. Mediation, Conflicts resolution, and family relationship management:

Differences of opinion are a natural part of any family business, even with the founder’s active involvement. However, unresolved disagreements can escalate and pose a serious threat to both family wealth and reputation—especially if they reach the courts.

At NKL, our experienced legal professionals specialize in facilitating open dialogue, creating consensus, and managing settlement processes with objectivity and discretion. Our approach ensures that family relationships are preserved while securing legally binding agreements that protect your legacy.

Our mediation and conflict resolution services focus on:

Absorbing differing viewpoints and fostering constructive discussions.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Managing settlements with neutrality and fairness.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Ensuring confidentiality and trust throughout the process.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Documenting agreements with legal precision for future reference.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

3. Inheritance management:

Handling the distribution of an estate after the passing of a family member requires a meticulous approach to ensure that all assets are allocated to the rightful heirs while preventing disputes that could jeopardize family harmony. The process becomes increasingly complex with larger estates, diversified assets, and international holdings.

At NKL, our legal experts provide comprehensive estate management solutions, offering the knowledge and experience needed to navigate intricate legal frameworks and safeguard family wealth. We assist in streamlining the process, ensuring compliance with local and international laws, and facilitating fair asset distribution.

Our inherent management services include:

Assisting with inheritance deed issuance and estate settlement.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Managing complex asset distribution across multiple jurisdictions.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Resolving family claims to communal assets with impartial mediation.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Preventing forced asset division and protecting collective interests.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

4. Wealth Legal Structuring Services:

It is crucial to clearly define and distinguish wealth to prevent overlapping between personal assets of the family members, and corporate property. Effective wealth management, including personal wealth, family-owned businesses, and philanthropy or endowment, is essential for ensuring the sustainability of wealth and its smooth transfer across generations with minimal disagreements.

Taking the initiative to properly manage and structure wealth sustainability at an early stage, is key to achieving the best results.

NKL can provide the following support:

Assistance in developing a methodology for defining wealth in accordance with the Family Charter.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Guidance on structuring and organizing personal wealth shared by family members.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Support in structuring and organizing family business assets.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Implementation of the structuring plans approved by the family.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

4. Structuring, Legal review and Corporate Governance Services

Family-owned businesses often serve as the foundation of family wealth, which must be preserved and managed in a way that aligns with both the company’s growth and the evolving family assets. As legislative developments continue in the Kingdom, it is essential for family businesses to proactively review their documents and ownership structures, incorporating the family constitution into their legal frameworks.

When addressing ownership structure, it is crucial to develop a clear strategy for inheritance, management, and continuity to ensure the company’s long-term success. The structure and governance must not only support smooth operations but also positively impact the company’s value. Additionally, careful attention must be paid to the potential tax implications arising from restructuring.

Among the services provided by Naji Khairan Advocates & Legal Consultants in this area are:

Conducting a legal assessment of family-owned companies and issuing a diagnostic report highlighting legal gaps and proposing solutions.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Restructuring assets to ensure sustainability and continuity of businesses.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Organizing governance in line with prevailing regulations and the principles outlined in the Family Charter.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Drafting Shareholder Agreements.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

4. Endowment Services:

Traditionally, authentic Saudi families have made significant contributions to society by establishing endowments, ensuring their family’s legacy while benefiting the community in the present. To preserve the continuity and sustainability of these endowments, it is essential to manage them in a practical and systematic manner.

Among the services provided by Naji Khairan Advocates & Legal Consultants are:

Drafting endowment clauses.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Assisting with the endowment process, including the issuance of the endowment deed and its registration with the General Authority of Endowments.

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Endowment Governance

We guide families through the process of drafting their constitution by conducting workshops, facilitating consensus on the vision, and ensuring the content aligns with the family’s structure and future direction.

Ready to Work With Us?

Let’s Discuss Your Legal Needs Today

Reach out to us today to arrange a consultation and explore how we can assist you in achieving your objectives. Together, we can navigate your legal challenges and strive for the most favorable results tailored to your needs.