Assets Handover and Business Succession

Many businessmen who have founded and always managed their companies themselves regard their life's work not simply as a job, but as their purpose in life and, therefore, want to keep the reins in their own hands as long as possible. This is frequently one of the reasons why many businessmen have either settled the question of succession woefully inadequately or, more usually, not at all.

Essentially, the business succession and the associated change of leadership should be a natural company occurrence that is part of the ordinary sequence of events and that should be carried out with appropriate care.

Early planning is important in order to prevent businesses from simply closing down because no successor is available.

The problems and questions that arise with regard to business succession are diverse: When should the planning be started? Will a family member take up the succession or someone from outside? Should the company be sold and how should things proceed from there?

Legal matters must be observed, financial questions clarified and optimised - and all this as efficiently as possible from a tax aspect.

We provide you with expert advice, and not only in regard to your company affairs. Your private financial security must also be part of the succession planning if you do not want to risk underfunding during your retirement.