One of the most difficult and challenging parts of being in business is planning for the succession of your business. Sometimes it is as simple as listing a business for sale but if it involves generational change to younger family members, achieving fairness and equality in the eyes of all can be difficult.
In our experience we have found successful succession planning can take many often take years and many conversations and meetings. It is critical that you have a skilled, supportive and understanding legal and accounting team on your side to navigate this often complex process. The team at Van Dyk Newbold recognise that there is no “cookie cutter” approach to this and that each situation and outcome is unique.