Business Succession Planning Lawyers

Keeping your business in safe hands

Business Succession Planning Lawyers

Business succession planning is an important part of preserving your professional legacy. Planning early for your exit or making provisions should something happen to you – such as a decline in your health or your death – will ensure that your business continues to operate or come to a natural end as you intend.

Planning early for your business succession is necessary to ensure a smooth succession strategy and, if done correctly, to reduce your tax exposure. We help you to understand your options including whether dividends, deferred payments, employee ownership, trusts, or share options are the most tax-efficient succession routes.

Who we work with

No matter whether you’re a sole trader, shareholder or owner of a family business, ensuring you have a viable succession strategy is crucial.

We help to dissect your estate, suggest suitable succession options and draft documentation that ensures your business remains in capable hands after your departure. From preparing wills and lasting power of attorney documents to family constitutions, tax and business plans, we ensure your legacy is protected.

Many of our clients have dedicated their professional lives to growing and maintaining successful businesses and our team understands the complexities of running a business and the pressures this bestows on business owners to ensure continuity after their exit.

How we support you

Our succession lawyers have developed effective succession strategies for a whole range of businesses over the years, and we always take a bespoke approach tailored to each individual business. Understanding our client’s needs and goals stands us in good stead to advise you effectively, taking into account your goals, concerns and your business needs.

Your Will will be prepared to work with and not against your existing shareholder or partnership agreements and, working in conjunction with our Corporate team, we can prepare cross-over options which clearly outline yours and your business partners’ obligations upon your departure.

Our team has all of the expertise you need to plan your succession and will always be on hand to advise you on a wide range of issues.

To find out how we could help contact us using the button below or call us on 0800 689 0741 for a free confidential consultation.
Frequently asked questions

We've put together a short list of commonly asked questions to help you understand more about business succession planning. I

If you have any further questions please do not hesitate to get in contact with us.

In essence, succession planning is the strategy and process for preparing for the future. When focussing on your business this could involve identifying potential future leaders for when you choose to exit the company, or it could be making contingency plans for what would happen to the business if something happened to you during your lifetime, such as ill health or your ultimate demise.

How can we help?

Our expert lawyers are ready, contact us online below or speak to someone by calling us.

Our private client guides

No matter what situation you and your family have found yourself in we are here to help and have put together a collection of guides and advice to support you.

Your summer guide to recovery and resilience

15 Jun

Corporate & Commercial

Your summer guide to recovery and resilience

To support businesses and people navigate their way out of lockdown, unlock their potential […]

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The importance of a Lasting Power of Attorney

30 Mar

For the individual

The importance of a Lasting Power of Attorney

Broadcaster Kate Garraway is just one of many experiencing the devastating effects of COVID-19, […]

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Can you remove an executor from a will?

4 Mar

For the individual

Can you remove an executor from a will?

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The Dangers of Joint Property

3 Feb

For the individual

The Dangers of Joint Property

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Can I still make a will during the coronavirus lockdown period?

6 Jan

For the individual

Can I still make a will during the coronavirus lockdown period?

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Will the impacts of coronavirus affect my divorce financial settlement?

25 Nov

For the individual

Will the impacts of coronavirus affect my divorce financial settlement?

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Top ten things to consider before preparing a trust

1 Oct

Family

Top ten things to consider before preparing a trust

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Meet the team

Our team of experts are here to help you navigate through your private client matters contact us today or call us on 0800 689 0746 for a free confidential consultation.

How can we help?

Our expert lawyers are ready, contact us online below or speak to someone by calling us.