Succession planning
It can take a lifetime to build a successful business. But more than three-quarters of founders literally throw away their life's achievement by failing to plan adequately for succession...Transferring the ownership and management of a family business to the next generation is rarely a straightforward process.
SUCCESSION PLANNING FRAMEWORK
Our plan is a roadmap that details how you will reach your individual goals and the timetable you will follow to achieve them. Its purpose is to help you keep focused on where you are heading and why. It also helps make sure others involved in the process do not lose sight of what is expected of them, and can look back and understand why certain choices were taken or decisions made.
OWNERSHIP TRANSITION PLANNING
This process defines when and which assets are subject to ownership transition, we recognize that the transition process can be emotionally difficult. That is why we take a sensitive approach geared toward helping you ensure the continuity by identifying beneficiaries, including family members, local community or any purposes. Trusts, hybrid companies and other legal structures are used to balance the motivation and right-timing for the transfer.
IDENTIFICATION OF BENEFICIARIES
We understand that your vision for your wealth is a key drive in your quest for a new owner. Each asset/business type will be assessed against potential owner's skill, suitability and also motivation. Reserved beneficiaries are part of the identification phase, which is born in stressed scenarios in order to avoid unexpected events or negative behavioural evolution. The process might add the research of the next generation or the purpose itself also.
LEADERSHIP DEVELOPMENT
Ahmadoff wealth advisors distinguish the types of leaders for ownership succession, such as purpose bearers, financial wealth owners, family leaders, etc. Each type of leader require different and complex development program. We advise our clients on the structure of the program and its implementation depending on leader type planned.
The current owners' personal needs and objectives Family needs and expectations Ownership of the business going forward The family's ongoing role in the management of the business Day-to-day management of the business Minimising taxes on transition of the business