Business Succession Planning
70% of family businesses fail by the 2nd generation
Common Succession Challenges
Tax Implications
Inheritance tax, capital gains tax, and business relief optimization
Family Dynamics
Managing expectations and relationships between family members
Business Continuity
Ensuring operations continue smoothly during transition
Valuation Issues
Fair valuation of business interests and ownership stakes
Leadership Transfer
Preparing next generation for management responsibilities
Exit Strategy
Planning your exit while maximizing business value
Our Succession Solutions
Strategic Planning
• Comprehensive business valuation
• Tax-efficient ownership structures
• Shareholder agreements
• Buy-sell arrangements
Tax Optimization
• Business Property Relief planning
• Employee Ownership Trusts
• Management buyout structures
• CGT holdover relief strategies
Family Governance
• Family constitution development
• Next generation preparation
• Conflict resolution mechanisms
• Communication strategies
Implementation
• Phased transition planning
• Legal documentation
• Ongoing monitoring
• Performance measurement
Our Succession Planning Process
1
Discovery
- Business assessment
- Goal setting
- Business assessment
- Goal setting
Week 1-2
2
Strategy Development
- Options analysis
- Structure design
- Tax planning
- Timeline creation
Week 3-4
3
Implementation
- Legal documentation
- Training programs
- Structure setup
- Communication plans
Month 2-6
4
Monitoring
- Regular reviews
- Plan adjustments
- Performance tracking
- Continued support