It encompasses various strategies and considerations to ensure a smooth and successful transfer of control, ownership, and responsibilities. This includes identifying and training potential successors, establishing clear roles and responsibilities, addressing tax implications, considering stakeholder interests, creating contingency plans, and implementing effective legal and financial structures. The goal is to ensure the long-term sustainability and continued growth of the business while preserving its value and minimising disruptions during the transition.
We have particular expertise in advising on multi-generational wealth transfers for our clients and their families.
We create strategies for private clients whose businesses are transitioning, ensuring that suitable control mechanisms and agreements are put in place, with qualified individuals appointed to manage the business. Additionally, we help clients who desire to transfer business ownership to particular individuals in a manner that is both fair and equitable to all involved.