Succession
When considering a transfer of ownership of a business, it is important for the owner to focus on the various aspects and considerations involved in succession planning.
The decisions particularly required relate to: the future owners; transfer in whole or in part; financing of the transfer; and, not least, the future management of the business.
Planning the succession well in advance will ensure that the business is carried on in the most appropriate way.
We have broad experience in all areas of succession planning, including:
- tax considerations
- transfer as gift or inheritance
- valuation of the business
- financing of the transfer, etc.
We assist with competent and confident advice and guidance from start to finish, irrespective of whether you wish for the transfer of ownership to occur before or after your passing, and whether you want the successor to be a family member or not.