Succession Planning

Our specialist team supports a wide range of business in addressing the complex issues of succession – from share transfers, family and employee buy-outs to business sales.

Succession planning is a critical aspect of corporate governance, particularly for family-owned businesses and partnerships – including farming partnerships. We recommend that business owners address succession as early as possible, especially if their aim is to involve other family members. Alongside the legal considerations, business owners should also look at issues such as the experience, skills and aspirations of individuals in their plans.

We can help you understand the legal intricacies of succession and support you in developing a robust plan that that ensures a smooth transition of leadership and secures the long-term success of your business.

Our expert team will work closely with you to understand your unique goals, values, and aspirations. We can also draw on the expertise of an extensive network of third-party specialists, including tax accountants, financial advisers, land agents and surveyors, to provide comprehensive legal advice and develop tailored succession plans that address key considerations such as:

• leadership succession
• sudden incapacity or death
• ownership transfer
• tax implications
• asset protection
• competing interests
• managing transition

By taking a proactive approach to succession planning, we can help you safeguard the continuity and sustainability of your business.

Whether you are in the early stages of succession planning or require assistance in reviewing and updating an existing plan, we can provide the guidance and expertise you need. Contact our expert team to discuss how we can assist you in developing a succession plan that secures the future of your business.