Succession planning

succession planning
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Frequently Asked Questions

We understand that you might have lots of questions when looking for an accountant. For this reason, we have compiled a list of frequently asked questions for you, which we hope will be helpful. However, if you have any further questions, please contact us.

What is succession planning?

When a current director or shareholder of a business wants to step down and pass on responsibilities to another person, this process is known as “succession planning.” The director or shareholder may choose to retire, or they may wish to put measures in place to safeguard the company’s survival in the event of their sudden death or severe illness.

How do I go about selling my business?

A great starting step is to come in and have a no obligation conversation with one of our exit strategy experts. We understand what it’s like to come to the realisation that selling your company is closer than you first thought. The good news is that, if well handled, it will provide you the flexibility to do anything you choose, from spending time with friends and family to maybe even launching a whole new venture.

What businesses need a succession plan?

A succession plan is important for every kind of business. Consider succession planning as more of a fail-safe set of instructions than a retirement plan. It works like a last will and testament for your company, preferably under less gloomy circumstances.

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