Running a business is never easy, and when it’s a family business, there are additional complications. One of the biggest challenges to many businesses is when a director, major shareholder or Partner is unable to continue to undertake their role. Can the business continue to run without key individuals present? What happens to the shares in the business and what actions can businesses take to mitigate the impact?
With 56% of abattoirs having no succession plans, (National Craft Butchers survey July 2020), the sector faces a real challenge for its future.
Problems can arise when you least expect them and for reasons you never previously considered such as accidents, mental incapacity, or death. These events obviously have a devastating impact for families, but their business can be equally affected.
Join experts from Roythornes Private Client and Corporate teams as they discuss the issues many business owners face but don’t necessarily tackle or have plans in place for.
They will look at how good planning can ease transitions and keep businesses running when the worst happens, and how alternative business structures can cope with incidents in different ways.
They will also consider common sense succession planning on a personal level – something most of us know we should do, but sadly we’ve not often ‘had the conversation’ with those we should have done – whether family or work colleagues.
Attending this seminar will make you, your family and your business better prepared to cope with eventualities and better place to face the future.
With practical examples and plenty of time for questions it will be time well spent, and we look forward to seeing you there.