Succession Planning
Thompson Smith and Puxon has extensive experience in advising business owners on their succession planning needs.
How can we help you?
Have you considered what will happen to your business if you or your co-owner die? Whatever your business structure, having in place an effective succession plan can help to ensure that the transfer of your business goes as smoothly as possible and that you minimise the tax liabilities. Failure to make an adequate plan can have far-reaching effects and could lead to disruption, disputes, and tax consequences which could have been avoided, or even a failure of the business entirely.
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- Nicola Rout
- Associate Solicitor
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- Mary Anne Fedeyko
- Head of Corporate & Commercial
The TSP business succession team can help you to establish a succession plan tailor-made for your business to help ensure that control of the business is transferred according to your wishes, whilst also providing on-going financial security for you and your family. Members of our Corporate and Commercial, Agriculture and Wills and Estates Team work together to offer a seamless service to cover all our clients’ succession planning needs.
Our areas of expertise
We offer a comprehensive services to support our clients’ succession planning needs, including:
- Corporate restructurings and reorganisations
- Bespoke shareholders’ agreement and articles of association
- Partnership agreements
- Limited Liability Partnership (LLP) agreements
- Family investment companies
- Family charters
- Wills and succession planning
- Inheritance tax planning
- Tax efficient lifetime giving
- Disputed Wills
- Creation, administration and termination of trusts
- Advice to trustees and beneficiaries
- Trust taxation
- Offshore trusts
Our fees
Once we have a full understanding of what you want to achieve we will provide an estimate of costs together with alternative pricing structures you may wish to consider. We are fully transparent with our pricing and always aim to support your business by offering commercial advice at a cost-effective price.
Contact our Solicitors in Colchester or Clacton
We’re here to help. Get in touch or contact one of our offices: