Business Succession Planning
09 January 2025
Create a roadmap for the smooth transition of your business.
Why is business succession planning important?
Failing to plan can lead to disruption, financial instability and possibly even closure of your business if you have no succession plan. Such a plan includes financial, legal and operational considerations. Proper planning will also mitigate inheritance tax and capital gains tax liabilities which can otherwise create a financial burden.
Read our guide Business Succession Planning to review the steps to effective succession planning and the benefits of starting early.