Propelling business forward
Family Members & Advisor Members
Family Members
A family business can range from a small partnership to a larger well-established business that has passed through multiple generations. The scale of a family business may vary, but the issues and challenges are often the same. If you think you are a family business – large or small – FBA can provide you with the support you need to grow and prosper.
Advisors
Advisor Members provide a broad range of professional services to family businesses. They understand the unique issues family businesses face and help bring knowledge and understanding to a complex array of family and business issues. Advisors do not actively solicit business from family members and comprise no more that 1/3 of our membership.
(Membership fees renew annually at $750 plus HST each September)
Join us now to begin your FBA experience!
Learn more about Family Membership
Learn more about Advisor Membership
We Understand...
Succession Planning
Succession planning is one of the biggest challenges facing a family business. Many businesses fail in the second generation, and issues of competence, perceived nepotism, and communication present unique challenges to family business owners.
Compensation
Compensation for family in family firms can be complex. Confusion among roles in the business' management, ownership and family can cause tension among family and non-family employees.
Work/Life Balance
The line between work and life is blurry in the workforce in general these days, and this is especially true for family businesses with family on staff.
Strategic Planning
Family businesses have a better chance of succeeding in the next generation when they have a plan in place that outlines both responsibility and authority.
FAQs
FBA organizes our members into peer groups. This is your unique opportunity to learn from each other, to work on your family business opportunities & challenges and to have the security of confidential discussions in a trusting and inviting environment. We also support our members with educational sessions, access to advisors and networking opportunities.
As a family member, you’ll have the opportunity to join a peer group.
You’ll learn from other members and work on your business opportunities and challenges in a confidential, trusting and inviting environment. Your group will act like a mini board of directors, supporting and guiding you in all aspects of your family business. You’ll gain valuable insight from others who have had similar experiences, and leverage the perspectives of other family businesses, industries and generations.
Our family business community spans all sectors and sizes across the region. These businesses are either owned, funded or supported by family members. Whether a business directly employs family members or receives their financial or emotional support, we exist to connect them and drive their economic prosperity.
The Family Member membership is a family business looking to connect with, learn from, and share with like-minded people who understand the experiences unique to running a family business. We welcome family businesses of all sizes and industry types. Membership benefits extend to all family members and your membership fee provides you with special rates for events along with the opportunity to join an Advisory Team at no extra cost.
A “Family Business” is defined as a business that has one of the following characteristics:
- Has been owned and operated by different generations of a family;
- Where the potential exists for ownership to be passed on to another family member;
- More than one member of a family has active employment in an organization owned by a family; and/or
- A family which has in the past or is presently operating a business.
We provide regular opportunities to connect with other families and advisors. We host tailored online programs addressing critical business issues.
We also hold an annual golf tournament, an awards luncheon, and our signature event: the Peter Wilson Dinner*.
FBA family membership is $750+ HST annually for your entire organization. We offer members an annual or monthly payment plan. FBA Advisor membership is also $750 + HST annually. All memberships run during our fiscal year, September 1st – August 31st.
Some of our members...
