A generational succession involves more than simply transferring assets from one generation to the next. For owners of family businesses, decisions regarding timing, structure, and implementation can have significant implications for the business, the family, and the associated tax consequences.

Careful planning makes it easier to preserve value, ownership, and support continued business operations. We assist with the planning and execution of generational successions, inheritance matters, and ownership transfers. This includes assessing how ownership should be structured, how assets can be transferred, and the legal, financial, and tax implications of different solutions.

A generational succession may also involve differing interests and priorities among owners and heirs. We help identify a structure that considers the needs of current owners, the next generation, and the future development of the business. Where needed, we also assist with restructuring and other measures that should be implemented in advance of the ownership transfer.

By starting the planning process early, you gain more time to evaluate the available options and make any necessary adjustments. The goal is a smooth and well-considered transition that provides a strong foundation for both the business and the next generation.

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