The effectiveness of your succession plan for the next generation will rest heavily on your decisions in placing the right people in the right jobs with strong governance. Often these decisions are still made on the basis of family lineage…
Structure and Separation #succession
Thinking ahead about the structure of your corporate entities is vital to provide flexibility and adaptability in your future succession planning. Typically, our minds focus on taxation planning and risk mitigation when we are forming our corporate structures as any…
Who Control’s The Money? #succession
One of the most challenging aspects of family business succession is to pitch, at the right level, control and authority over the wealth. Some family members will want the top job, others will not be interested, some will be capable…
Where’s The Money? #succession
You would think the answer to this question would be a simple one, and that an astute businessperson would know precisely where their wealth is located. Regretfully the corporate structures that many businesspeople now operate under are anything but simple,…
Fairness: Crafting Your Wealth Allocation Principles #succession
The principles that you establish underpinning how wealth is shared across your next generation will determine your legacy. If these principles are not carefully crafted, they will seed conflict, legal disputes, declining business performance and family division. And with that,…
