Business succession planning

Business succession planning is simply the process of planning for what you want to happen if you (or your co-owner, if you have one) were to die or fall seriously ill. In some instances, the business ends up in the wrong hands, or in worst cases can fail. These situations can befall sole traders, partners and shareholders in limited companies, although they can all be avoided with sensible business succession planning. Our guide covers some of the options available to business owners so that you can plan ahead.