We recognise that successful business owners are focused on the vision they have for their businesses. They are time poor, working hard to create their wealth and struggle to find time to consider those important issues.
One of those issues is succession planning for their business. Whether it is by third party sale, management buy-out or passing it on to the next generation, one needs to have an exit strategy. This strategy includes structural issues involving taxation, accounting and legal considerations and also the human side of succession planning. Family considerations are paramount, including equity between siblings, accessing an income stream from the business in your retirement and how to pass effective control.
We are able to provide consultative guidance and advice with respect to:
- Creating the agenda of issues that need to be considered in this critical process
- Coordinating other experts where necessary, in areas such as legals, insurance and risk management
- Combining your business succession goals with your retirement planning and asset succession plans
Our aim is to work with you to ensure not only a successful development of the strategy, but also to see its implementation through.