Our Company Succession Planning Services
Securing the future of your business requires a multifaceted approach covering a broad spectrum of legal mechanisms. We specialise in the following:
- Succession strategy creation
- Family investment companies
- Wills & Trusts
- Lasting Powers of Attorney
- Cross option agreements
- Bespoke tax strategies
No matter your circumstances, the business succession planning lawyers at Thursfields are perfectly placed to help you reach your goals.
Want to Know More About Our Company Succession Planning Services?
Targeted Business Succession Planning Advice
You’ll have worked extremely hard to build up your business. Therefore, it’s vital that you leave absolutely nothing to chance if you want to ensure its survival should something happen to you. The loss of an owner or shareholder due to death, incapacity, or retirement can have a serious impact on a company, making developing a robust succession strategy essential.
The business succession planning lawyers at Thursfields are perfectly placed to help you do just that. Our team has a wealth of experience with supporting companies through the process of setting up a comprehensive strategy, working with everyone from small enterprises to large multinational corporations.
From providing proactive advice around tax-efficiency to offering guidance with the creation of Wills and Powers of Attorney, we take care of all aspects on your behalf — so you can be completely confident that your company’s future is secured.
Meet Our Business
Succession Planning Lawyers
If you’re looking for specialist company succession planning advice, the Thursfields team has all the expertise you need.
Key Contact
Terry Cooper TEP
Director, Head of Private Client
Terry leads Thursfields’ Private Client team and has a vast amount of expertise with tax and trust planning. He regularly advises on matters such as wills, the creation or restructuring of trusts, lifetime gifts and other planning to minimise inheritance tax or other tax liabilities (including insurance-based solutions), and death-in-service payments.
Terry has acted for entrepreneurs and business owners, wealthy families, and others who need wills or tax advice. As a result, he is always happy to work in collaboration with a client’s existing financial advisers or accountants.
Sophie Donovan
Director, Head of Estate Administration
Sophie is an experienced Solicitor specialising in all areas of Private Client Law, advising clients with Wills, Lasting Powers of Attorney and Administering Estates. Her focus is client-led, offering reassurance in complex matters and working collaboratively with the client to achieve an outcome in an efficient and supportive manner to meet the client’s needs.
Sophie is an Affiliate Member of the Society of Trusts and Estates Practitioner.
OUR TEAM
*TEP denotes a member of the Society of Trust and Estate Practitioners
GET IN TOUCH
Need support from specialist business succession planning lawyers? Contact our team today.
A Tailored Approach To
Business Succession Planning
There’s no one-size-fits-all solution to business succession planning. Every company is unique and will have its own set of circumstances, goals, and aspirations to take into account. This is especially vital when it comes to family-owned enterprises such as agricultural companies, where the needs of the family unit must also be considered.
The business succession planning lawyers at Thursfields understand the importance of delivering a bespoke strategy. We take the time to thoroughly get to grips with the complexities of your company and what you’re looking to achieve. We’ll then discuss all of the options available to you, so you can make well-informed decisions about what to do next.
No matter if you’re looking to reduce tax liabilities, preserve your wealth, set up a Lasting Power of Attorney, or all of the above, we’ll put together a comprehensive strategy that provides you with a satisfactory resolution. As a full-service law firm, we can also help with other aspects of business succession planning, such as ensuring the company’s culture endures after you’ve gone, or assisting with selecting the right candidates for leadership roles. Whatever you need, Thursfields will build our service around you.
Holistic Support for Businesses
Helping with business succession planning is just one way that Thursfields looks after your company. We also offer a full suite of employment law services that covers everything from day-to-day HR activities, to drafting policies and procedures, and much more besides. We’re here throughout your corporate journey.
Frequently Asked Questions
Business succession planning involves ensuring the future of a company is protected should a director or shareholder die, become incapacitated in some way, or want to retire. A comprehensive strategy should be set up to ensure tax liability is reduced, wealth is protected, and that there is a clear roadmap detailing how the firm will continue to operate.
Protecting the future of your company requires a multifaceted approach that takes into account several different elements. These include:
- Minimising tax liability
- Wills
- Powers of Attorney
- Trusts
- Cross option agreements
Business owners pour their heart and soul into their company, so it’s essential to ensure your hard work carries on should you no longer want or be able to continue. Putting together a comprehensive business succession planning strategy ensures that your legacy will be protected and your enterprise can carry on running as intended without you at the helm.
It’s important to update your strategy on a regular basis, especially when there is a significant change within your family or business. An annual review is recommended to ensure that your plan remains fit-for-purpose and takes into account your current situation.
Contact Our
Team
For peace of mind knowing that your company’s future is secured, get in touch with our business succession planning lawyers today.
