Publication

2 November 2016

Looking to the future – business succession for family business

Planning business succession is an important element of business strategy and should be a priority. Failure to plan generational change may leave a business with heirs who are unprepared or uninterested; the result is unnecessary business failure.

The successful entry of a new generation into the top positions of the family business is not a single event, it should be part of a long-term and planned process of change. Technical issues, such as pension or tax planning are important, but they are contingent on strategies that sustain the harmony and consent of family members and employees for the proposed succession.

This guide describes best practices for passing family businesses from one generation to the next. It is ideally intended for accountants to give to their clients as part of a process of a structured review of succession issues.

Related content

EventEarly Warning Europe SME summit

30 September 2021

EventDigitalisation & SMEs

16 June 2021

EventFrom risks to resilience: benefits of intellectual property for your business

4 May 2021

UpdateSME Update

22 April 2021

NewsNew directive takes EU corporate sustainability reporting to the next level

21 April 2021

EventFuture-proofing tax: make it green, digital, fair

15 April 2021

PublicationAudit exemption thresholds in Europe

9 April 2021

PublicationRoad to digital: what are the obstacles for SMEs and SMPs?

8 April 2021

NewsAccountancy Europe supports new EU plan to improve SMEs’ access to finance

26 March 2021

EventIFAC PAO digital readiness assessment tool

25 March 2021

PodcastAccountants are the key for SME IP

19 March 2021

EventBridging expectations: what NFI from SMEs?

18 March 2021

InterviewRemoving barriers to support SMEs: the CMU initiative

11 March 2021

NewsSMEs count on us

11 March 2021

Consultation responseEC’s Consultation on a European Single Access Point (ESAP) for financial and non-financial information

8 March 2021

PublicationCall for contributions: sustainable tax systems

5 March 2021

NewsBecause green recovery counts

4 March 2021

UpdateSME Update

2 March 2021

EventIntellectual Property for SMEs: What role for accountants?

24 February 2021

Publication10 most popular publications in 2020

2 February 2021

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?