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Succession planning – read our five-part series

Tuesday, March 15, 2011 | Posted by: Fiona Cullinan
Categories: Business advice, Thought Leadership | Tags: links, report, advice, corporate finance, wealth, succession planning, wealth management, ownership, transfer, White Paper, exit strategy, selling a business, advisory, successors, series, wealth management, advice, advisory

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What is succession planning? Why is it important to prepare your legacy – and how best can you do that to ensure the future success of your business? Is there a template to follow? Or do you just want some quick tips? These questions and more are answered in our five-part succession planning guide…

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How to find and groom your business successor

Wednesday, March 09, 2011 | Posted by: Fiona Cullinan
Categories: Business advice, Thought Leadership | Tags: report, incentives, corporate finance, skills, succession planning, wealth management, ownership, transfer, White Paper, family, exit strategy, selling a business, training, transition, advisory, successors, screening, compensation, roles

Who to choose? That is the question facing an increasing number of individuals seeking to transfer ownership of a privately held business. Here are some things to think about to help you identify who best to pass the baton on to, ways to incentivise them and how to smooth the transition.

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Seven tips for successful succession planning

Monday, March 07, 2011 | Posted by: Fiona Cullinan
Categories: Business advice, Thought Leadership | Tags: report, strategy, tips, advice, guide, succession planning, ownership, transfer, White Paper, exit strategy, selling a business, transition

History is littered with companies, entrepreneurs and business visionaries who failed to pass on the company baton successfully. If you want to ensure the legacy of your business continues on to the next generation, here are a few pieces of advice…

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Succession planning? Follow our template for success

Thursday, March 03, 2011 | Posted by: Fiona Cullinan
Categories: Business advice, Thought Leadership | Tags: report, strategy, guide, succession planning, ownership, transfer, White Paper, exit strategy, selling a business, structure, steps, goals, best practice, template

What are the best practices when planning for succession? Is there a model you can follow? The truth is, there are many different approaches but, in the third part of our series demystifying succession planning, we share the Grant Thornton best practice template for developing the best succession plan.

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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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