Generational Transfer

A generational transfer involves transitioning ownership and control of a business from one generation to the next, while maintaining continuity, value, and long-term sustainability.

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This is rarely a simple handover. It requires careful planning across commercial, legal, financial, and family considerations to ensure the business remains strong and relationships are protected.

 

Key Considerations

A successful generational transfer typically includes:

• A clear succession plan - Defining future roles, responsibilities, and decision-making authority.

• Capability and readiness - Ensuring the next generation has the skills, experience, and support needed to lead effectively.

• Ownership and tax structure - Understanding tax implications and structuring the transfer to minimise risk and cost.

• Financial stability - Confirming the business can support the transition without impacting operations or value.

• Family dynamics and alignment - Managing expectations, communication, and potential conflict early.

 

Getting It Right

When well planned, a generational transfer protects both business value and family relationships. Early planning, open communication, and disciplined execution are key to a smooth and successful transition.