Business succession

It's worth thinking early about what comes later

Business succession is a formidable challenge for any entrepreneur: one that usually has to be mastered only once – but which will impact their own future and that of their family and business.

Why is succession planning important?

It’s never too early to prepare for an unexpected loss of ownership or a succession dictated by external circumstances: for the good of your company and your family.

We can help

  • clearly define the regulation of legal and financial matters;
  • prepare powers of attorney, wills, inheritance contracts, advance care directives and shareholder agreements;
  • assist you with your succession planning and examination of the costs and benefits.

Consider all your options and get an idea of what every family member and other important stakeholders – such as the management team – expect.

We can help

  • ensure continuity within your company and family,
  • create independent management and personnel structures,
  • examine the legal and taxation conditions and implications.

The positive development of your business is central. So too is the cautious structuring of your total wealth at an early stage.

We can help

  • optimize your private and business asset situation,
  • convert company assets into private assets,
  • review your pension planning.

Succession planning: what are your options?

A family buy-out is influenced by business and family issues. If, for example, several family members work in a company, they need to think about how it will be divided up and also include members of the family who are not involved in the company.

In addition, lay down a time frame during which responsibilities, management and ownership are to be transferred, while making sure that your own future is secured.

When management employees become partners in the business (management buy-out), communication with employees, clients and suppliers is key. During the transition phase, it’s also important that the future working relationship between the existing and the new owners is clear.

To ensure the long-term success of your business if you sell your company externally you should carefully consider the buyer’s personality, their level of trustworthiness and their technical and management expertise. Clarify the financial aspects at an early stage and whether succession planning should take place gradually or in one go.

What needs to be considered during the different phases of succession planning?

The sooner you get to grips with succession planning, the more room you’ll have for maneuver when it comes to planning and implementation.

In the different phases of succession – such as preparation, planning, implementation – and also once the process is complete, the basic questions need to be dealt with as early as possible. Our succession checklist will assist you here.

How well prepared is your company when it comes to succession planning?

Take a few minutes to find out where you currently stand with regard to succession planning and what actions you need to take.

Your benefits – from starting your company to planning succession

  • Proactive support when setting up your company
  • Expert succession planning from A to Z
  • Presentation of optimal solutions for occupational pensions

Our experts are here for you – we look forward to seeing you.

Events dedicated to business succession

You are cordially invited to our “Business succession” event where you’ll be able to discuss your concerns with our specialists and other like-minded people near you.

Contact an expert near you

We’ll demonstrate potential solutions, advise you on the best option and assist you with implementation

Note: A UBS consultation does not extend to legal or taxation advice, for which purpose we recommend you consult your tax adviser or lawyer.