Business Succession: Planning for the Future
As a passionate entrepreneur, you are focused every day on the smallest details to keep your business on course. One crucial aspect, however, often emerges later in the process, though it’s something you need to consider early on: how will you phase out your role and arrange for succession? It’s a puzzle that’s often too complex to solve on your own. Not only your own interests but also those of your successor and other stakeholders must be aligned in the most financially, fiscally, and legally favorable way possible.
As an entrepreneur, there are many challenges you may face, such as:
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What do you do if not every child is equally suited to take over the business?
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What if the successor lacks the resources to take over, but the purchase price is essential for your retirement provision?
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What if you can transfer the business tax-free, but you still want your children to pay a purchase price?
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How do you determine the purchase price/financing structure so that the exiting entrepreneur receives a fair sum, while the successor can financially manage it – both now and in the future?
Why Qwestor
Together with you, we will search for the most suitable path. We take into account your (entrepreneurial) wishes, tax laws, civil laws, and the (financial) position of both the entrepreneur and the successor after the transfer.