Exit route

Succession

Succession is the planned transfer of ownership and control over time, often to family members, management, employees or a mixture of all three. It suits owners who are not ready for a rapid sale and want to think carefully about timing, tax, governance and family alignment. The process can run for years because it often involves grooming a successor, reshaping governance and phasing out the founder’s day-to-day role. Adviser costs vary widely because succession may involve tax, legal, corporate finance and wealth planning support. The main risks are delaying decisions, assuming the next generation is ready when they are not, and failing to separate ownership questions from management questions.

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Firms that specialise in Succession