Succession planning
Deciding to take a step back from your business and hand it over to someone else can be a daunting time and, unless well-planned, it can also be extremely costly. This lack of planning particularly affects smaller businesses. Armstrong Watson has a specialist team to offer you a proactive approach in this situation.
Succession planning is an evolving process which can be years in the making and draws upon Armstrong Watson's expertise in offering advice on tax, business structure, development, valuation and negotiations. This is key where the sale of the business will be to the existing management or another third party.
By getting together at an early stage, we ensure that you are able to pass on your business, having extracted as much value as possible for yourself, while allowing those who supersede you to prosper into the future.
