Family Succession Planning

Countless hours are spent on planning and establishing your Family run business. But have you considered what will happen to the business if something happens to the family member running the business?

Creating a structure for transferring a business from one owner to the next is called “Succession Planning”. This type of business planning brings together the critical players of your family run business; i.e., the owners, partners, key employees and the advisors. “Succession Planning” is also probably one of the last things on your mind, especially when you’re just starting out – but in fact is a very important factor in the continued success of your business.