Business succession within family businesses is a complex matter that often requires a considerable amount of preparation. First of all, there is often a choice between selling to an external party and selling or gifting within the family. Our specialists at Crossminds, our corporate finance office, are here to share their expertise and offer you the right support in transferring a business.
Our corporate finance advisors look at both the legal, fiscal and financial interests and the emotional aspects involved in business succession. We help you answer questions such as: is my intended successor suitable? How do I deal with children who do not have or do not want to have a role in the business? How do I ensure a fair distribution between my children? What are the risks of a business transfer within the family? What do the business succession scheme (BOR) and business succession facilities (BOF) mean for me in practice? And will I have enough left for my pension?
After many years of hard work, there is nothing more satisfying than entrusting your business to your child or children. In many cases, they know the business inside out and are aware of how it can be further developed. But what about the financial side? Do you want to invest your resources back into the business? Or should external financing be arranged, perhaps, and on which terms? Fiscal, legal and financial guidance plays an important role in this, as well as good communication, a shared vision and recording agreements. We will be happy to guide you through the entire process so that you can transfer your business to your children with peace of mind.