Business Succession Planning – Why Plan?

May 09, 2013
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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.

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