deWaardKramer

Each business owner comes to the point where he or she looks ahead and realizes that a succession plan must be put in place. Whether you have a sole proprietorship, a general partnership (VOF) or a private limited company (BV), it is very important to consider the issue of business succession well in time, even if you have no intention of stopping work in the next few years. Before you know, it will be too late and a business succession could prove a serious headache.

deWaardKramer can be your partner, confidant and adviser

What are the issues you have to consider?

• Is there a potential successor within or outside the business or family, or do you have to look for a successor?

• What is the value of the business?

• How can the successor continue the business?

• Can the successor finance the transfer of ownership?

• What are the tax implications of the various choices made?

Your position after the transfer of ownership

Your own position before and after the transfer of ownership is also very important. Is it financially feasible for you to stop? What will be your financial situation after the transfer?

These are matters which require expert advice from your tax consultant and accountant. Appropriate planning and deadlines are essential. And so is calm, because calm allows you to make the right decisions at the right time. deWaardKramer will be at your side.