A business succession plan outlines what will happen and who will take over your business when you leave, whether by choice or by circumstance. At Sterling Walters our aim is to provide your business with a smooth transition so that any disruption is minimised.
Each business is different of course, but in the course of planning your exist strategy you will likely need to consider the goals and objectives of all the parties involved, define the roles and responsbilities of the current family members and employees, identify your potential successors, consider the financial implications including taxation issues, and maximise the value of the business for sale, if it is to be sold.
These are complex issues, spanning legal, financial and management arenas. At Sterling Walters Lawyers we can help make sure you have covered all bases and will work closely with your existing advisors, or involve other advisers as required through our association with the Family Business Consultants Network.
Contact us to find out more or to arrange a consultation.