Business Succession Planning – Why Plan?
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.