Succession planning is one of the most challenging areas of being in business. Whereas it may seem as simple as listing a business for sale, sometimes achieving fairness and equality can be problematic in the eyes of all, especially if it involves family or even a staff buyout.
Successful succession planning can often take years and many meetings and conversations. That is why it is critical to have an experienced, skilled, supportive, and understanding legal and accounting team on your side to navigate this often-complex process. The team at Van Dyk Newbold recognises there is never a ‘one-size-fits-all’ scenario and each situation and outcome is unique.