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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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