Family business succession planning
Plan the transfer of leadership and ownership while the senior generation is still running the business.
The situation: The next generation is joining, or should be, but roles, ownership and decision rights have never been discussed openly.
Succession is a process that takes years, not an event that happens when a founder steps back. The families that manage it well start early and put decisions in writing before they are needed.
Where it usually goes wrong
- Leadership and ownership are treated as the same question, when they usually need different answers.
- Sons and daughters join without a defined role, and authority stays with the founder by default.
- Nothing is written down until a disagreement forces the issue.
How we work
We meet each family member and key manager individually, then bring the family together around a small number of decisions at a time. Leadership succession and the family constitution are our work. Ownership instruments such as wills, trusts and shareholder agreements are prepared by your legal and tax advisers, and we coordinate so that the business plan and the legal structure match.
Talk through your situation with a consultant
A 60-minute paid consultation, by video call or at our Jamnagar office. Bring one problem; leave with a clear view of what to fix first and whether a larger engagement makes sense.
₹3,500 for 60 minutes