One of the more difficult issues a family business ever has to contend with is managing the transition of the business to the next generation or to a new owner.
The impact of poorly planned succession can be beneficial in terms of taxation, administrative costs, relationships and stress. Therefore, it is essential to properly plan for the handover of your business. Business owners who do this well enjoy greater success and benefits from both a financial and personal perspective.
Our team of business advisors can help plan and execute a smooth succession of your business. This succession may be to new owners, the next generation within the family, or upon death or incapacity
If you’re starting to think about succession, we’re here to help talk you through what you need to consider.