Succession Planning (Planning for the Future)

Building a successful business takes hard work, determination and dedication for many years. However, there may come a time where you wish to step back and enjoy the fruits of your labours, or where you are forced to make changes to how you operate for health or other personal reasons. What happens to the business you have developed?

In many cases, there are family members or employees who would be interested in continuing to operate the business you have built up. However, without careful planning, it can be difficult to make this transition without significant disruption or financial or personal relationship consequences.

Planning for the future, or succession planning, is the process of putting structures in place to address what happens in this scenario. Developing a strong plan creates the best opportunity for the business can continue to operate into the future, and gives you comfort that you can transition to the next stage of your life with security and certainty. 

We know that a ‘one size fits all’ approach to succession planning does not work, so Dombrovski Legal works with you and your trusted advisors including your accountant and financial planner to come up with the best solution for your personal circumstances.  

Contact us to find out more or to arrange a consultation.