Succession Planning

To ensure the long-term success of your business, it is critical to establish a thorough succession plan so all stakeholders are on the same page about what is going to happen to the business in times of transition. We can act as an independent third party to help stakeholders work through this planning process and address the complex issues of business continuation or sale.

For any succession plan process one challenge is knowing where to start.
We have found that the best first step is to undertake a thorough review of your entities so that we have a
complete picture of the entities established and their particular details, limitations and benefits.

The second step is to review the underlying assets held in each entity to determine items such as: assets value, how the asset could be transferred, potential capital gains implications.

The third step is to review current financing arrangements to determine which assets are being used as security for which debt facilities.

The fourth step is to then pull all of these details together into a road map of what can be transferred, how it is to be transferred, when it is to be transferred as well as what other actions need to be completed to make a successful transition.

We see this more as a process rather than an event and there are many opportunities for input from all stakeholders to ensure that the plan prepared is most appropriate for you.

We look forward to working with you. For more information or to arrange an appointment, visit our contact page.