Tax Planning Idea - Succession planning for family businesses
Tax Planning Idea!
Succession planning for family businesses
Family businesses can run the risk of not being sustainable unless the owners have a succession strategy in place. This can include passing the business on to family members, the management team, a third party or an Employee Ownership Trust. We can assist family business owners with this, helping to explore which options are best suited to the family and the business circumstances.
As always, the key to successful tax planning is to seek advice as early as possible.
If you would like more information or would like to discuss your tax affairs in more detail please don't hesitate to contact our Tax Partners, Steve Crompton or Lucy Williams on the details below: