Transfer of a business to successors can be one of the most challenging periods in its existence. If the beneficiary’s family members do not wish to be involved in managing the enterprise, it is possible to structure the succession in a way that ensures a stable income for the heirs through engagement of professional managers.
If, however, successors intend to run the business and participate in its management themselves, it is crucial to prepare them adequately. This helps avoid financial losses and prevents mistakes. Training successors and equipping them to take responsibility for and manage the business successfully is a comprehensive process. It requires immersion in the company’s operations and personalised training based on practical experience.
Analysis of the ownership structure, business processes, legal and economic challenges, industry-specific practices, and study of best practices all contribute to preparing beneficiaries to take over and manage the business effectively.
In partnership with leaders in strategic consulting, BGP Litigation experts offer a comprehensive programme tailored to training successors, combining expertise in designing optimal management structures with a deep understanding of the legal risks.