The Succession Strategy

Episode 4 of The Succession Strategy looks at how family business owners can prepare for an orderly transition to the next generation. Vincent and Flora work through a common scenario that explores two parents ready to retire with one child who has run the business for 15 years, while the other has no interest in it at all. They delve into what is fair and equal, and why the structure that suited one generation may not suit the next. By looking at topics like tax, finance, governance, and wills, they work to explain a clear pathway for succession.See omnystudio.com/listener for privacy information.

Vincent Caruso and Flora Alasaly work through a case study of two equal shareholders with no shareholder agreement to discuss what happens when a business loses a partner through death or incapacity. They unpack the risks of conflict, deadlock, and unintended ownership, and why having more than one owner does not remove succession risk; it just changes it. The good news is that these risks can be managed if you start the conversation before the crisis can hit.See omnystudio.com/listener for privacy information.

Episode 2 of The Succession Strategy explores the consequences of an unclear succession plan when a sole director/shareholder dies or loses capacity. Vince and Flora tackle this scenario, providing practical succession planning advice to help you and your business prepare for the unexpected. They explore the legal and practical considerations that are often overlooked when planning for the future of a business.See omnystudio.com/listener for privacy information.

In the first episode of The Succession Strategy, Vincent Caruso and Flora Alasaly explore why effective succession planning goes far beyond preparing a will.   They discuss what happens to a business when an owner retires, dies, loses capacity or can no longer continue, and why having a clear plan for ownership, control, management and financial security is essential for business continuity.   The episode explores the common gaps that can leave businesses and families exposed, from unclear decision-making authority to a lack of preparation for unexpected events.   Succession planning is not about giving up control today. It is about making sure there is a clear path forward when circumstances change.See omnystudio.com/listener for privacy information.