Planning for Succession Ahead of Time Secures the Future of Your Company
It is essential to plan succession correctly and ahead of time in order to secure the future of both the company and those who own it.
Company Succession
Why Planning is Important
Planning your business’s future early and wisely will allow you to relax and enjoy your retirement later on. Once the succession of the company has been organized and the transition has been arranged, you can look to the future with confidence.
Tax advantages from the transfer of the company can be taken advantage of. An optimal retirement timeline can be planned. The business can be used to safeguard that retirement well into old age.
- Retirement timeline
- Optimize taxes
- Use business to safeguard retirement
When Should You Begin Company Succession Planning?
When should you begin company succession planning?
The succession of a company should be planned well in advance. When exactly the right time is depends on the type and structure of the company. As a general rule, however, succession planning for a company should be started at least 10 years before the owner plans to retire.
- Finding and preparing your successor takes time
- Gift tax exemptions can only be claimed once every 10 years
- Internal organizational acceptance and a track record of success can't be transferred from one day to the next
The Consulting Services We Offer
Our custom-tailored guidance helps you maximize efficiency while optimizing your tax liability:
- Survey of the current situation
- Understanding of the business owner's priorities
- Developement of potential concepts
- Guidance through the transition
Advantages
- Well-planned timeline for retirement
- Secure future for you and your business
- Take advantage of all possible tax benefits
You might also be interested in:
CONVERTING CORPORATE LEGAL FORM
Do you want to reduce your tax burden? Are you planning on using real estate as a vehicle to preserve and grow your wealth? Has your business grown substantially and you want to minimize or diversify your risk? There are many reasons why an enterprise might change its legal form. The important thing is to consider the tax and other business implications before making the conversion. We would be happy to advise you.
INHERITANCE AND GIFT TAXES
The transfer of wealth. If assets are transferred during a person’s lifetime, this constitutes a gift. Assets bequeathed after death are considered inheritance. If you need help with an inheritance or want to plan the transfer of your assets, we can be a partner at your side.
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