Business Succession Planning – Why Plan?

May 09, 2013

Business Law Case Study

We all spend a great deal of time and effort building our wealth, but without a proper Succession Plan it can disappear very quickly.

  • Advising on and an introduction of an independent management structure which included structuring management team’s remuneration to ensure alignment of goals post A’s withdrawal from active management of the business
  • Negotiating private equity deal including sale and shareholder agreements
  • Advising on personal Estate Plan incorporating a plan for the dozen individual companies and trusts within A’s portfolio, whilst also taking into consideration previous marriages and children from both marriages.

We provided a Business Succession Plan that ensured that each family would have an equal say in the business at both a shareholder and director level regardless of who was to pass away or retire first. This advice involved over 20 different entities and two generations of families.

Click here to talk to us about Business Law today.