Bradford 01274 306 000
Leeds 0113 220 6270
Huddersfield 01484 915 000

Business Succession Planning

Business succession planning is the process of determining how you would like your business to continue and be managed when you are no longer involved.

It is essential that advance planning is undertaken to ensure that you, your family and your business are properly protected in the event of your death or incapacity, or that of a business partner.

We can assist with the following:

  • Business Relief
  • Entrepreneurs Relief
  • Family Investments
  • Company Share Options

All shareholders of owner-managed business should consider the following to ensure minimal disruption on the death or incapacity of a shareholder:

  • Cross-option agreements
  • Obtaining life insurance written under trust for the benefit of your fellow shareholders
  • Alternative, more tax efficient, business structures
  • Ensuring that all shareholders have Lasting Powers of Attorney and Wills in place

Our specialists can advise you on all of the above to minimise the disruption caused to the business by the transfer of management and ownership of a business, whilst minimising taxation.

In addition to advising the shareholders in relation to business continuity we also advise individual shareholders in relation to the own estate planning to protect their personal wealth by advising on tax efficient exit strategies, the availability of business property relief from inheritance tax and the use of trusts, the preparation of tax efficient Wills, and the preparation of Lasting Powers of Attorney.

When undertaking business succession planning we always work closely with your accountants, financial advisors and Schofield Sweeney’s Corporate team.

We'd love to hear from you. Please call John Feaster on 01274 377 668. 

Primary Contact

John Feaster

Partner

Direct Line 01274 377 668

Send email

View Profile Meet the team

Looking for a specific service?

Latest Updates

You may also be interested in:

Corporate

Our large team of corporate lawyers can advise you on a whole range of company matters

Read More

Making a Will

Ensuring your assets are distributed according to your wishes

Read More

Lasting Powers of Attorney

Making sure someone you trust can make decisions on your behalf in times of need

Read More