Image: Succession in Family-owned Businesses

Succession in Family-owned Businesses

Ensuring the succession in the family-owned business ranks amongst the most important challenges that owners face. A readily available succession plan tailored to the individual situation of the family-owned business is an integral part of every business planning.

Succession remains a dynamic process – once reached, decisions need to be continuously reviewed and adapted to meet an ever-evolving environment.

When developing succession concepts, we pursue an integrated approach under consideration of the legal, tax, business management, liquidity-related and psychological aspects. A comprehensive approach to company succession also includes a review of alternatives for succession within the family e.g. establishing family-external management, solutions involving foundations or the sale of the family-owned business.