Succession planning is essentially about planning who will take over when you are no longer in charge of the company one day - and how it will happen. It's the framework for the future of both the company and the owners.
A well-planned succession creates security for all parties: you as the owner, your family and the business.
When handled correctly, the process ensures that the business can continue healthy and strong - even without you at the helm.
Succession is really about ensuring the survival of the company without you.
The transition can make the business vulnerable because liquidity, management and relationships are at stake. At the same time, there are many different rules to consider - inheritance law, tax, duties and financing.
These are often large sums of money and decisions that will affect both the outgoing and the new owner for many years to come. That's why it's important to plan the process thoroughly and in good time.
A generational change also opens up emotions, big questions and the risk of conflict. What do you want for the future? Is there agreement in the family?
When the process is planned well in advance and with the right advisors, the transition can happen at a pace that everyone can accept.
You should always prepare thoroughly for the financial and tax aspects of a succession.
The decisions made about management structure, transfer form and valuation have a direct impact on how you are taxed.
At BUUS JENSEN, we help you assess the options and prepare a proposal for a specific succession model, where we look at:
The goal is to provide you with a solid basis for decision-making that gives you peace of mind and ensures the company's continued development.
At BUUS JENSEN, we are ready to help you with succession planning and advice. Contact us for advice on how to best secure your business, your family and your own future.
You can get in touch with us either by calling us on 3929 0800 or by sending us an email at info@buusjensen.dk.