Your guide to Business Succession Planning

For shareholders, business owners or leaders, developing a succession plan is crucial and helps to future-proof the business. However, it can be difficult to decide which is the best succession route to take.

The most appropriate course of action will depend significantly on the individual business and personal circumstances. A major consideration is also the impact on employees. As a result of this, there has been an increase in businesses looking to implement transaction structures such as Employee Ownership Trusts (EOTs) as a means of exit, allowing a smooth ownership transition and the ability to reward key employees.

While there are a number of options available to business owners, it’s important that all aspects are assessed to ensure value is maximised and no undue financial pressure is put on shareholders or management.

To help explore the importance and detail behind succession planning, we have issued a collection of insights on the main exit routes. All of these insights form the basis of our succession planning guide, which is now available to download.

In addition, our ‘An overview of business succession planning’ video looks at why succession planning is such a topical business agenda point, what the trends are and how you can best optimise your sale or exit route.