One step behind: About power transmission in portuguese close corporations

Alexandre de Soveral Martins

Keywords

Family companies; Succession of the business; Articles of incorporation.

Abstract

It is possible to plan power transition in family companies. That may be the best way of choosing the most prepared to continue the business, and it will allow a softer transition in order to avoid unnecessary value destruction. This article focuses on some of the tools that Portuguese Company Law provides to achieve those goals.