Anticipating and perpetuating business transmission
Transmitting one's business is a turning point in the life of entrepreneurs. This involves relationships among members of their family, shareholders and sets the stage for future strategy.
Transmission of a business is a watershed event in the life of managers and their businesses.
However, this process is particularly complex for managers since it requires them to decide on the transmission, prepare the company for this, value the business assets, select the right buyer (family member, employee, etc.). In addition, the range of mechanisms, their instability and the many conditions they impose require that a strategy be put in place at a very early stage. Finally, such a transaction is fraught with human constraints that are due in part to the interactions between emotions and the business world.
Why and how should one anticipate their transmission? What is the right balance between family, operational and tax governance? What are the relevant legal and tax instruments needed to facilitate the transmission of a business? Along which lines should one rethink the organization, while safeguarding its values and legacy?
- Anticipate: set objectives, carry out a corporate, patrimonial, fiscal, and social audit of the situation of the manager and the company and of the professional and private real estate assets that are to be transmitted in the future
- Define rules of governance and organization: identify and involve stakeholders, provide guidance in the choice of the buyer
- Secure and optimize: choose the transmission mode, identify risks and improve the conditions for the transmitting the business
- Structure and guide the transaction and follow-up on it