{"id":10,"date":"2026-09-25T06:42:23","date_gmt":"2026-09-25T03:42:23","guid":{"rendered":"https:\/\/tothiq.ai\/demo\/tothiq-professional\/new-companies-law-family-businesses\/"},"modified":"2026-09-25T06:42:23","modified_gmt":"2026-09-25T03:42:23","slug":"new-companies-law-family-businesses","status":"publish","type":"post","link":"https:\/\/tothiq.ai\/demo\/tothiq-professional\/new-companies-law-family-businesses\/","title":{"rendered":"What the new companies law changes for family businesses"},"content":{"rendered":"<p>Most family businesses in Kuwait were set up years ago, and their founding documents were written for the founders, not for the second generation. Whenever the companies law changes, those documents are the first place to look.<\/p>\n<h2>Start with three documents<\/h2>\n<p><strong>The articles of association.<\/strong> Check how decisions are taken, who can sign for the company, and what happens to a partner&#8217;s shares on death or exit.<\/p>\n<p><strong>The shareholders&#8217; agreement.<\/strong> If there is none, this is the moment to write one. It settles who may sell shares, to whom, and at what price, before anyone needs to ask.<\/p>\n<p><strong>The management structure.<\/strong> Family members often hold roles by habit rather than by resolution. Put appointments and authority in writing.<\/p>\n<h2>What to do this quarter<\/h2>\n<p>Book one review meeting with all partners, list what each document says today, and agree what needs to change. A short, clear update now avoids a long dispute later.<\/p>\n<p><em>Sample article for the Tothiq Professional demo. It is not legal advice.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most family businesses in Kuwait were set up years ago, and their founding documents were written for the founders, not for the second generation. Whenever the companies law changes, those documents are the first place to look. Start with three documents The articles of association. Check how decisions are taken, who can sign for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-10","post","type-post","status-publish","format-standard","hentry","category-corporate"],"_links":{"self":[{"href":"https:\/\/tothiq.ai\/demo\/tothiq-professional\/wp-json\/wp\/v2\/posts\/10","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tothiq.ai\/demo\/tothiq-professional\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tothiq.ai\/demo\/tothiq-professional\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tothiq.ai\/demo\/tothiq-professional\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tothiq.ai\/demo\/tothiq-professional\/wp-json\/wp\/v2\/comments?post=10"}],"version-history":[{"count":0,"href":"https:\/\/tothiq.ai\/demo\/tothiq-professional\/wp-json\/wp\/v2\/posts\/10\/revisions"}],"wp:attachment":[{"href":"https:\/\/tothiq.ai\/demo\/tothiq-professional\/wp-json\/wp\/v2\/media?parent=10"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tothiq.ai\/demo\/tothiq-professional\/wp-json\/wp\/v2\/categories?post=10"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tothiq.ai\/demo\/tothiq-professional\/wp-json\/wp\/v2\/tags?post=10"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}