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Family Business Series: Putting the Success in Succession

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Kuits Solicitors

7th Floor, Blackfriars House

Parsonage

Manchester

M3 2JA

United Kingdom

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In this seminar, which forms part of a series aiming to provide family businesses with a roadmap to success, we will start by briefly exploring the different types and models of family business, what makes them different, what their unique strengths and challenges are, and why this often requires a tailored approach.

Our expert Family Business Team will then go on to look in more detail at succession planning, exploring best practice around structuring, ownership transitioning and taxation, using real-life case studies to help illustrate where things can go right and wrong, and how to avoid the latter!

We will then move on to look at best practices surrounding governance and how it can be used to sustain business continuity, family unity and commitment. Effective governance can inject a sense of direction into your family business and ensure that everyone involved is on the same page when it comes to long-term and day-to-day decisions.

Key discussion points will include:

  • The different routes you may be considering – succession or sale
  • Developing the next generation of management and shareholders
  • Classes of shares – voting and non-voting rights
  • How best to reward success
  • Managing ownership and leadership transitions
  • How to set key roles and responsibilities within the family business
  • How to develop effective boards of directors and the potential benefits of creating more informal advisory boards and forums
  • The importance of setting policies and plans for the family's involvement with the business
  • The role and content of a shareholders agreement, service contract and family charter
  • The role of trusts and will planning
  • Tax relief options and tax efficiency
  • What you must consider when preparing the family business for sale

About the Series

The Kuits Family Business team knows that no two family businesses are the same. We understand the pressures that family-owned businesses face, but also the freedom that running such a business gives.

This series of seminars will equip you with the knowledge and support you need to successfully implement practices that will drive high performance and healthy family relationships, and safeguard your family business for the future.

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Location

Kuits Solicitors

7th Floor, Blackfriars House

Parsonage

Manchester

M3 2JA

United Kingdom

View Map

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