Company succession
It is unavoidable. One day, you will have to hand over your company to the next generation. This, however, does not happen overnight. The transfer of the company is a turning point in your life and is emotionally significant.
Naturally you do not want to take any chances with this type of decision. Rightly so. Some decisions with potentially far-reaching consequences will have to be made. Decisions, for example, about the best possible procedure for ensuring continuity and about the various financing possibilities. These types of issues demand a great deal of preparation and thorough advice.
The professionals at Grant Thornton are happy to advise you with regard to this momentous process. For the succession of family businesses in particular, we have designed a unique approach. This approach focuses on twelve crucial focus areas. A step-by-step plan that, in consultation with numerous disciplines, works painstakingly to protect the your company’s continuity. This is a comprehensive method that meticulously works to bring about a successful succession with guarantees for all parties involved.
Our method addresses the following attention areas:
- Handling succession planning
- Ensuring the effective arrangement of pensions and inheritance
- Shaping the family business’ remuneration structure
- Determining the division of shares among family members
- Supporting family members in the company
- Making arrangements for non-participating family members
- Drawing up strategic plans
- Appointing/compensating ‘non-family’ executives
- Advising on the choice of financial structure
- Seeing to asset management
- Resolving conflicts
- Helping reach a family agreement
Want to know more? For additional information, contact us.
