Succession Planning for your Business

A solid succession plan can drive the growth of a business, reduce taxes, and set the stage for retirement.

Get in touch

David Powell
Partner and Head of Business Law

Private or family-owned businesses may benefit further by preserving harmony within the family. This principle is applicable to all private, owner-managed, or family-owned businesses, regardless of what business vehicle has been adopted, e.g., sole trader, partnership, or limited company.

Our expertise in advising businesses

TWM’s Corporate solicitors understand the complexities involved in transitioning your business to the next generation or new ownership. With our expertise and personalised approach, we help you navigate the legal intricacies to ensure a smooth and successful succession process, including the following exit steps:

  • Transfer of shares to family members;
  • Employee share schemes;
  • Private equity investor;
  • Partnership retirement;
  • Management buy-out; and
  • Trade sale.

Succession planning requires a strategic, long-term approach and, so that it can be done successfully, it needs to be an integral part of a business’ strategy and operations long before any anticipated exit. With advanced planning and professional advice, you will be better placed to achieve both personal and business goals.

Family business succession planning

If succession planning within a family-run business involves transferring the business to family members, rather than to third parties or another form of exit from the business, the earlier you start to plan the better.  We recommend you engage the assistance of a qualified professional advisor at least 5 years prior to the anticipated exit.

Why choose TWM Solicitors for corporate legal assistance?

Our specialist Corporate team has extensive experience in advising clients on business portfolios, how to best structure an exit and facilitate the continued growth of a business even after exit.

We are experts in helping businesses of all sizes and in all markets, providing practical advice that is bespoke to your business needs. We will work alongside our colleagues in TWM’s Private Client department to provide a holistic approach to your family succession planning, including tax planning advice.

Contact us

For more information on our corporate services, please contact David Powell, Partner and Head of Business Law.

Related services

Banking and Real Estate Development Finance

Our expert team specialises in advising banks and financial institutions, on a range of financing transactions.

Business Law

Our team of experts provide specialist advice to businesses of all sizes, on all aspects of their operations, and the life cycle of their businesses.

Business Law Pricing Information

We pride ourselves on maintaining long-term relationships with our clients. In relation to our costs, we have a philosophy of ‘no surprises’.

Buying or Selling a Business

Embarking on a business venture can be a daunting task and getting the right guidance is essential. Talk to TWM today to ensure it all goes smoothly.

Commercial Agreements

At TWM Solicitors, our commercial law solicitors have a great deal of experience that we can share with you to help you achieve the best commercial result.

Company Formation and Company Secretarial Services

Our service was set up specifically to help with company formations and provide directors with support to meet their ongoing statutory obligations.

Corporate and Commercial Legal Work

Recent transactions and legal work undertaken by our Corporate and Commercial Law team.

Contact Us

In order for us to direct your enquiry to the right person at TWM Solicitors, we need to know a little more about you and what are you looking for.

Please complete the boxes below and we will forward on directly to the most appropriate person.

Thank you for contacting TWM Solicitors, your completed form has been sent successfully. If this is an enquiry we are able to assist with, one of our team will be in contact with you as soon as possible. Please note, this may not be until the next working day, and during business hours. If you require urgent assistance, please call: 0330 555 0440.