Business succession
planning

We understand that, when you’re running your own business, it’s easy to focus all your energy on the here and now. But have you considered what will happen when it’s time for you to step back? This is where succession planning comes in. Our Corporate, Company & Commercial team can work with you to prepare for the smoothest possible transition to the next generation.

What is succession planning?

Succession planning is the practice of identifying who will take over your business when you choose to retire, are unable to continue or simply want to move on. Whether you want to transfer ownership to a family member, business partner or senior employee, succession planning can help preserve your business’s legacy and ensure it is passed down smoothly.

Our team of experts can help you with:

• Day-to-day business governance, including the drawing up of documentation, policies and contracts, business dispute resolution, business health checks and more
• A robust legal framework for succession, including Family Charters, tailored articles, Shareholders’ Agreements and other planning options
• Alternatives to succession, such as third-party sales or Management Buy Ins (MBIs)
• Trusts and tax advice to ensure your business can be passed down the generations in the most tax-efficient manner possible
• Private wealth advice, including Inheritance Tax, Wills and estate planning guidance, to support the safe and tax-efficient transfer of your wealth to the next generation.

At Attwaters Solicitors, we understand that no two businesses are the same. Our knowledgeable lawyers will take the time to understand your unique requirements and objectives for the future. By working with us, you’ll have the best of both worlds. You can throw yourself into nurturing your business now, whilst knowing that the future is taken care of.

To find out how we can help you, please do not hesitate to contact Mark Stigwood on 0203 871 0022 or mark.stigwood@attwaters.co.uk.