A succession plan, lays out how you see the business transitioning, to whom, and the necessary steps along the way to make this happen.
Britain’s very oldest family businesses have passed from generation to generation for almost half a millennium. But what’s the best form of transition when the next generation has other plans?
Andy Haigh, partner at BHP Corporate Finance, explains the value that corporate advisers bring in structuring a company buy-out
Succession can be incredibly positive – indeed transformative – for a business. Take a look at our 8 step business exit strategy checklist, which summarises some of the key things to look out for on the road to business transition.
Employee ownership is becoming an ever-more popular way for owners to sell their business. In recent months, firms as varied as book producers, landscape gardeners and a niche operation doing luxury conversions of VW campervans have taken the decision to go down the route pioneered by John Lewis. Even shadow chancellor John McDonnell seems to want to get in on the act
Employee-owned businesses saw a major boost to their popularity once their advantages were enshrined in legislation through the Employee Ownership Trust in 2014. The EOT is a form of employee benefit trust, but with distinctive features and tax advantages.