It is always a difficult undertaking when a younger generation of a medium sized family business follows in the footsteps of their successful elder. It is crucial to plan and arrange the succession early. Numerous questions have to be clarified. To name a few: Does the next generation have the will and the ability for succession? Which alternatives to family succession exist? How can the achievement of a lifetime be transferred in a tax compliant way? This is especially important in light of the upcoming decision regarding the possible unconstitutionality of the current inheritance tax law in the Federal Constitutional Court.
We can help you to reduce the complexity of succession and contribute to a smooth change of generations. In our new issue of FORECAST, we reveal the challenges of succession in medium sized family businesses and point out numerous problem-solving approaches.