Business succession

Having invested a large part of your working life into the family business, we understand the need for the smoothest transition possible when handing it down to the next generation. Thomas Westcott have years of experience managing this transition for businesses and can help with:

• Introducing family members as partners or directors
• Transfer of shares or buy back of own shares by company
• Controlled transfer of voting power
• Protection of assets
• Retention of income during retirement
• Tax efficiency with transactions
• Business and share valuations
• Financing arrangements
• Management buy outs and sales to third parties

Estate planning

There are other issues to consider with estate planning including:

• Retention of assets through generations of the same family
• Ensuring lifetime transfers do not affect your quality of life
• Providing protection to deal with unexpected events such as long term illness, early death, end of life care fees

Get in touch with one of our specialist advisors to see how we can help your business.