MGI Auckland

Succession Planning

As family business owners start to plan their retirement and how they will exit their business, it is critical that the business puts in place a well considered & structured Succession Plan that will help to enhance the value of the business.

An effective Succession Plan considers a range of matters such as:

  • Options relating to the transfer of management
  • Options relating to the transfer of ownership
  • The degree to which the next generation will be involved in the business
  • Overall transition plans & timeframes to ensure minimal disruption to the business.
  • Wealth preservation to ensure the continuity of the business.

Where it is likely that a business will remain family owned, we can help you develop a Family Business Constitution to outline how the business is to be managed, the process for family members wishing to enter & exit the business, how equity can be transferred and guidelines for issue resolution.

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