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Five Steps in Creating a Family Constitution

A strong family constitution brings clarity, unity, and long-term sustainability to your family business. In this video, Rob Ferguson walks through five key steps to creating a meaningful and collaborative family constitution that reflects your values and supports your legacy. Step 1: Start the conversation — one-on-one and group discovery meetings Step 2: Draft the document with a neutral facilitator Step 3: Share and revise — give every family stakeholder a voice Step 4: Adopt it formally in a family meeting Step 5: Review and update every 3–5 years A family constitution isn’t just a document - it’s a living guide for how your family and business move forward together. ABOUT FERGUSON ALLIANCE Ferguson Alliance is a boutique family business advisory firm in Houston, Texas. Our mission is to help family businesses live longer by providing practical business advice from experienced advisors. Check out our Ultimate Guide to Family Business Prosperity for dozens of resources about family business planning, succession, governance, financial strategy, team management, and leadership. No opt-in required. https://ferguson-alliance.com/ultimat... Want to speak with one of our friendly family business advisors? You can book a call here: https://ferguson-alliance.com/contact/