During the course of managing our client’s businesses, we always keep in mind the right match for business succession. It is quite typical in family businesses that the next generation will carry the business forward. Studies show that this may not always be the best fit for the future of the business. We often hold these discussions with our clients about their vision and future plans for their business, and building management team that can take over the business to the next level. We have been through several situations where the second generation was more deserving than their parents in managing the business. In other cases, the second generation was a misfit or they were just not interested in taking over the business. These discussions are important and sometimes very difficult but they are an absolute necessity.

We can guide you in understanding the legal, financial and tax implications of succession in your business and pave the way so that your successor can succeed.

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