Succession & Continuity Planning

Families worldwide enjoy the pride, connection, strategic advantage and  the financial reward of having a successful family business. How do you  protect what your family has worked so hard to build? Many family businesses look to succession planning as the solution for  ensuring the viability of the family business. However, many business  owners look at succession as an event – a day in the life of their  business when they hand the reins to their children, nieces and nephews. We believe that succession planning is an ongoing process that includes  critical decisions as well as careful planning and preparation in order  to successfully transition ownership, leadership and management of the  business and the family's assets to successive generations. Continuity planning is the term that we use to look at the whole of the  family and the business and design a custom plan that aligns with the  family’s values, builds a strong foundation for future business success,  prepares successors for increased leadership and ownership  responsibilities, and creates a seamless transition to the next  generation and beyond. Successful continuity planning can foresee the  unique challenges faced by sibling teams, cousin teams, and larger  groups of owners/shareholders and puts in place the structures to ensure  strong leadership and effective decision making, all while protecting  family relationships.