In corporate succession planning, the first decision is the most difficult one: who do you want to select as your successor, who will manage the company, who will own it? Potential candidates can be family members, external third parties, or a combination of both.
Each constellation requires contractual agreements that satisfy the interests of all involved parties while different legal regulations have to be observed – ranging from inheritance law (e.g. prenuptial agreements, inheritance agreements, last wills and testaments, foundation agreements, etc.) to corporate law (adaptation of the Articles of Asscociation, change of corporate form, type of share transfer, agreement on the enterprise value, voting rights, etc.),and also labor law (staff-related issues from employee to manager level, talent management, etc.) – to mention just a few.
Your own future role is another decision that needs to be made. Do you want to withdraw completely or only partially from the company? Should you remain on the board of advisors or as chairperson of the supervisory board?How is the question of compensation to be settled?
Together with you and your tax advisors, we analyze the status quo and work out the best options for you and the future of your company. After you have made your decision, we implement the respective legal structures and draw up the necessary contracts to implement your ideas. We conduct the negotiations with your partners and also talk with the employees affected by the transition. We additionally support you with presenting the succession plan to your key partners, and remain at your service during its implementation.