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Business Succession

Unternehmensnachfolge Dresden

THE SUCCESSION

Year after year, owners of profitable companies face the question of continuation or the succession of their companies. Often due to age, but also because of a life change today’s bosses have to deal with the topic of business succession. Many times they are faced with the challenge of finding a suitable successor. Next, the question arises, how much the company is worth and how the buyer will pay for the company.

Unternehmensnachfolge Dresden

A SUCCESSOR

The first challenge is finding a competent successor. First you will want to decide if the successor should come from the family, the company or from outside. In the first two cases, a good succession plan is essential to making the hand-over smooth; this process can be implemented in one to three years.  When selling to an external party (whether private individuals or another company), suitability, solvency and willingness to take over should be verified.

Unternehmensnachfolge Dresden

THE PURCHASE PRICE

Determining the purchase price is not only an important factor for the tax office and the bank, but also for the owner regarding his negotiating position with the successor. There are different assessment methods, which offer a bit of leeway. We are there to make sure you are not forced into a bad deal.

We would like to give you a brief overview of your options and invite you to contact us directly. Our professional support during this time is rightly sponsored by the state. Nothing is more important than preserving the German middle class in the future.

THE PROCESS

Besides the finding a successor, planning the adjustment and take-over, company valuation and securing financing, the process of company succession entails consulting qualified lawyers, tax consultants and auditors. You can rely on our long-standing network.

THE HANDOVER

Our goal is for you to complete this part of your working life on the day of the handover, placing your company and your employees in good hands, knowing that you received a fair purchase price. You needn’t worry if the successor will be able to pay installments or that you will have to be on call for business triage in the future.

THE AFTERMATH

Not only will be continue to offer our consultancy services to your former company, but you might also be able to work as an advisor to the management and new owner, if you like. In this way, your  former company can still benefit from your experience and know-how while you no longer occupy the position of responsibility that made it so hard to separate leisure and business.

 

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