Elevate - for business leaders

Why leaving succession planning to the last minute doesn’t pay

Tuesday, February 15, 2011 | Posted by: Fiona Cullinan
Categories: Business advice, Thought Leadership | Tags: tax, report, strategy, talent, guide, succession planning, ownership, transfer, White Paper, exit strategy, selling a business, valuation, structure, steps, legacy, goals

Figures show that 27% of UK businesses are expecting a change of ownership in the next 10 years, according to Grant Thornton 2009 International Business Report (IBR). Preparing ahead for such a major change makes financial and business sense. So why don’t companies do it?

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Succession planning: A step-by-step guide

Thursday, February 10, 2011 | Posted by: Fiona Cullinan
| Tags: tax, report, guide, succession planning, ownership, transfer, White Paper, exit strategy, selling a business, valuation, structure, steps, legacy, goals

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Last month Grant Thornton released ‘Succeeding at Succession’, a report to help privately held business owners plan an effective transfer of ownership without suffering adverse financial or tax consequences. We’ll be posting a series of articles from the report beginning with this step-by-step guide.

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