For many business owners, there comes a point when it is time to consider passing the business they have built up on to the next generation. This may mean passing the business baton on to the next generation of the same family or it may be about bringing on a management team.
There are many diverse and complex matters that any business owner needs to consider including business and share valuations, financing arrangements, introducing family members as partners or directors, transfer of voting powers, tax efficiency and protection of assets.
Succession planning is something that should begin well in advance of any change of ownership of a business. We can work closely with you to help you put a strong and, ultimately successful, plan in place.