Nobody likes to think about it, but it's inevitable in business that one day the services of the current owners and key personnel will not be available. Whilst this topic is not always pleasant to consider, the risk of ignoring these issues are great.
Davidson Accountants has worked with many businesses to ensure they are not at risk from lack of succession planning. A succession, or exit plan outlines who will take over your business when you leave.
A good succession plan enables a smooth transition with less likelihood of disruption to operations. By planning your exit well in advance you can maximise the value of your business and enable it to meet future needs.
Davidson Accountants will ensure the right structure is in place well before the need arises and that our clients receive assurance for the future.
Our experience in succession planning has taught us that this issue must be handled in a professional, diplomatic and structured way.