Succession Planning

Building a business is no mean feat. If you are passing the reins to a second generation or some other party, then it’s understandable that you would want to look after your legacy. This is where professional succession planning comes into the picture.

Succession Planning

Building a business is no mean feat. If you are passing the reins to a second generation or some other party, then it’s understandable that you would want to look after your legacy. This is where professional succession planning comes into the picture.

Business succession planning encompasses strategy and legally binding documentation that outlines the passing on of leadership roles. This will give your business the structural basis to keep running smoothly and successfully — even when you have moved onto a new undertaking or are relaxing into a well-earned retirement. It will also help to cover your business when your key employees move on and where there are other critical circumstances. 

At Power2, we employ experts in succession planning, so your most important interests are always taken care of. When things change in business and/or life and when the time inevitably comes to close your business (or bequeath it as an endowment), we can show you the strategies that allow you to be best prepared.

Benefits

Advice on succession planning, which often involves passing the business and assets from one generation to the next
Advice on extracting wealth from the business
Develop strategies in relation to planning for an owners exit up to five years in advance
Implement strategies on how to safeguard assets from insolvency and marital breakdowns