Family Business Succession Planning

What is this?

Family Business Succession Planning is the process of preparing for the transfer of ownership, leadership, and management of a family-owned business to the next generation or new owners.

Who is it for?

Owner managed business that want to plan for the future

What is included in the service

Determining a clear ownership structure
The next generation is prepared to run the business
Understanding what the business is worth
Minimising tax liabilities during the transition
A structured exit strategy for the owner

Have a question?

Our team is ready to help

Pricing

Our fees are tailored to your individual needs and depends on the service required, the size and complexity of your business, and the level of support you need. Following an initial review, we’ll provide a clear proposal outlining the recommended services and associated fees, so you know exactly what to expect.

When should I start planning for business succession?

Ideally, succession planning should begin well before you intend to step away. Starting early gives you more time to prepare the business, consider your options and make informed decisions about its future.

How do I decide who should take over the family business?

We will help you consider the financial and commercial implications of different succession options, giving you greater clarity when deciding what is right for the business and your family.

What happens if some family members want to be involved in the business and others do not?

Succession planning can help you explore different ownership and financial arrangements so that these considerations can be addressed as part of the wider transition plan.

What if I want to step back but do not want to leave the business completely?

We will help you consider different financial scenarios for reducing your involvement while maintaining an interest in the business.

Can you help us create a financial plan for the succession?

We can help you understand the financial impact of different succession options and develop a plan that considers the future needs of both the business and its owners.