Passing on successfully one’s family business to the next generation, is one of the great dilemmas facing various first and second generation owners. Indeed, after years of sacrifice in building a thriving business, it easy to have this solid set up lose momentum and profitability due to lack of planning.
Our firm understands family businesses since it is one itself. It has experience in advising clients on the most efficient manner by which to set up a business from day one and also how to structure it to facilitate future generations taking over.
The introduction of the Family Business Act provided some positive features to enable local business to be better assisted in passing on family businesses to the next generation, and we are ready to assist in advising in this regard.