In general the best succession plans are the ones where possible the early transfer of assets is implemented and by way of agreement. It is more tax efficient that future value increases in assets may be in the next generation hands.
The succession plan for a family business that may have the best chance of success addresses the following matters:
Current Owners Retirement Provision
Management Succession
Early Transfer of Shares or Business Assets
Family Agreement
We can assist all business and non business owners with their plans. Our advice can take a number of forms including:
General Tax Advice
Tailored Tax Advice for Specific Succession Plan
Family Business Full Succession Plan to include Family Agreement
