Family business. The most important in Spain

La family business it is one of the most important foundations of a prosperous society. Relationship of the Family businesses most important in Spain and a brief review of them.

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Summarized alphabetical list of the main surnames in Spain related to the family business, the sector and the province of origin or implantation. Some companies that these families founded are no longer active or have been sold to multinationals.

Inheritance planning in the family business

To plan the inheritance of the family business, it is best to consult a trusted lawyer who is a specialist in inheritance and who also has experience in commercial law.

We have asked the Barcelona law firm, Oscáriz Abogados, what factors are the most relevant in this process and they have explained to us that there are three essential points to take into account in the inheritance planning in the family business:

• Define the family roles of all the people involved.
• Define what the business roles of family members are.
• Establish what is the desired succession planning.

Carrying out the generational transfer in a company is something inevitable but it must be approached as a strategic decision of the utmost importance. It must be designed with the necessary anticipation to avoid precipitation.

Monica Oscar It also reminds us that in a succession process it is important to clearly transmit business values, be sure that the heirs have an entrepreneurial spirit and set the company's goals so that there is a commitment to them.

Eleven Spanish family businesses among the 500 largest in the world.

According to the Family Business Index 2023, prepared by the consulting firm Ernst & Young and the University of St. Gallen, there are eleven Spanish family businesses among the 500 largest in the world, among them El Corte Inglés, Mercadona and Inditex are among the 120 best.

According to the report, large family businesses resist crisis situations better and even offer growth rates that double the average for all companies.

It seems that the "effect family business» It has an impact on the stability necessary to achieve a climate of innovation and adaptation to new environmental and cultural realities that allows them to obtain better results and growth than other types of companies.

The continuity in the management and transmission of property between generations of the same family also finds tax advantages in inheritance tax and wealth tax.