Sooner or later the question of a successor has to be faced by every entrepreneur.
The decision as to how to deal with the future management and ownership will arise for every business, sooner or later. This is particularly true of the Mittelstand. We advise our clients on all questions relating to business succession.
Our approach in such situations involves an analysis of the status quo, a consideration of the goals and objectives of the entrepreneur, and the development of a succession model(s) following consideration of the relevant company, succession and (estate) tax law issues. This can include for example, conceptualization of and support with:
- Management buy-outs
- Management buy-ins
- A foundation or trust solution
- Handover of management to the ‘next generation’.