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It is vital business leaders take time to assess their organisation’s business succession planning
The operational demands of running a family business or other closely held enterprises can be all-consuming, but it’s vital that business leaders take the time needed to assess their organisation’s business succession planning. The penalty for failing to get ahead of leadership or ownership changes can be significant, as the coming years may bring substantial transfers of wealth as businesses change hands and adopt new ownership structures. The long-term survival of a business and the preservation of the wealth that has been built, will likely depend on getting ahead of those changes through strategic succession planning. For private, owner-managed, or family-owned businesses, a solid succession plan can drive the growth of the business, reduce taxes and set the stage for retirement. Family-run businesses may benefit further by focusing on preserving harmony within the family.
Our expert team works with high net worth individuals, entrepreneurs, business owners and senior executives to provide advice and guidance that fits with their busy lifestyles and helps them achieve their aspirations. Most importantly, we do not approach our clients with a one-size-fits-all template. Rather, we understand that every client is unique: that is why we create a bespoke plan designed to manage your wealth, provide you with relevant tax advice and help you plan for your future in a way that is entirely suited to you.
Certainly, when it comes to Business Succession Planning, there are multiple considerations that any business owner must consider, which is why it is vital you seek the advice of an expert lawyer. Please get in touch with our team by telephoning 03333 058375, or email WealthProtection@psg-law.co.uk
We work closely with our expert colleagues in our Family Law team when our clients require advice across such Business Succession Planning issues as prenuptial agreements, or divorce or dissolution of a Civil Partnership. Together we will work with you to ensure you receive the best possible legal advice that is bespoke to you and your situation.
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Family Investment Company
Business Succession Planning Wills and Trusts
Business Lasting Powers of Attorney
Cross Option Agreements
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“Gail has been very professional, polite and quick to respond throughout the transaction. Would happily recommend.” Mick Jennings
“Top class solicitors, provided a hassle free, professional service… if you’re looking for a firm that really seems to care, charges reasonable fees and doesn’t swallow you up in legal jargon - I’d highly recommend giving them a call.” Anne-Marie Armstrong
“The whole team has been accessible and very well informed.” Legal 500
“Gail is my solicitor and has helped me in every stage of my husband’s estate. Because I can no longer write she has simplified things for me and is very approachable whenever I ring, and doesn’t make me feel stupid when I ask stupid questions!” Margaret Borthwick
“I have received a very caring and professional service from both Laura and Gail. All my concerns were answered in a considerate and prompt fashion. Thank you very much.” Justine Abrahams
"Very personable and friendly, technically very strong and very ethical and client focused." Legal 500
"Gareth Williams, can give advice to HNW individuals with complex planning needs and also acts as a professional deputy for individuals who have been awarded significant personal injury and medical negligence claims, technically very strong and has a great understanding of the needs of the client and how to provide the appropriate solutions and service." Legal 500
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