Business or organisational succession planning refers to the process of transferring ownership of a business to a successor. A business owner can choose any person as their replacement, we’ll take you through the next steps by providing legal input into your succession plan.
By having a comprehensive succession plan in place, your future needs and that of your business are well protected, and secure in case of unexpected events.
When you handover your business there may be impacts on your personal, family and tax obligations. Your business succession planning should be incorporated into your estate planning.