Succession Planning
Introduction
- For closely held, owner managed or family businesses, succession plan ensures growth, reduces taxes and avoids disruption
- Not just businesses but personal estates and assets too require robust succession plan
- Right choice of entity structure, valuation, financing options, succession ratio are crucial
Benefits
- Maintenance of harmony and seamless transition from retiring leadership to the successors
- Optimisation of estate and income taxes on wealth division
- Retention of control over the processes and leadership
- Avoiding future controversies and damage to goodwill and resources
NDM Edge
- Advice and implementation of formal succession plan along with advising on the industry best practices
- Assistance in evaluation of the business and personal estates liable to be divided along with compensation planning
- Transfer of shares, controls and underlying documentation along with clear communication to the stakeholders
- Evaluating and resolving the dissents and interjections posed by stakeholders
Have Any Question?
Send us a message and tell us more about your business and financial goals. We will get back to you soon to schedule a consultation.
