Achieving a Successful Succession
Succession planning for a family business is rarely straightforward. There are difficult questions to address:
- Who is to take over the running of the family business?
- Do they want to run the family business?
- If only one child is involved in the business, how do the parents provide for their other children who aren’t involved?
- How will ownership of the business be split?
We have unrivalled experience in this field and understand the importance of looking at the ‘big picture’. We work with the business family to guide them through a logical process which, over time, achieves robust results. Our family business specialists are able to provide the full range of services required from tax and family wealth solutions to corporate advice. This ensures that your family business is in the best shape to achieve its long term goals.
Passing the Baton - Succession in Family Businesses is our most popular publication. In it you’ll read how several of our family business clients managed successions in their family businesses. Uniquely, Passing the Baton looks at both the senior and the next generation viewpoint and gives insight into how difficult conversations were started – often a big sticking point.