Succession Planning
In today’s globalized and fast-paced business world, one has to realize that succession planning is an important priority. The solution may lie in an approach that better melds data-driven and people-centric elements of the process.
Largely businesses came to realize years ago that current and future success is heavily based on having the right leaders in the right roles at the right time. And yet few of these same companies have found ways to be proactive and disciplined about orchestrating succession planning processes that yield results.
Our experts have a proven track record in succession and estate planning for family offices and family businesses to ensure longevity and continuity of businesses.
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.
