Globally around 80% of businesses are family owned and run. In New Zealand and globally, only 25 to 30% of businesses are successfully transferred to the second generation. Creating a succession plan that works best for all family members involved requires a multi-disciplinary approach. There isn’t a master plan that suits everyone, but rather each client will require their own bespoke approach.
This Forum takes a holistic approach to planning for family business succession by highlighting the issues you need to address, questions you should be asking and the different advisers you should be engaging with.
- Gain an increased understanding of ‘Better practice’ for good governance and its role in succession.
- Learn more about the different aspects of succession and receive practical advice on what you need to do to in order to create an effective exit plan.
- Gain insights on strategies and suggestions for dealing with the challenges of advising a family business.
- Receive an introduction to The System’s Theory Model of Family Business.
Who should view?
All lawyers representing owners of small businesses. Accountants, trust lawyers and those involved in estate planning may find this useful.
When and Where