Family business
succession

Passion. Commitment. Determination. These are the pillars of many successful businesses. When your company is also a family business, or your family has a close interest in the business, the stakes can be even higher. Personal and business matters often overlap, and decisions that seem rational on paper can take on a more emotional dimension in practice.

Family advice

When everything runs smoothly in a family business, there’s usually little cause for concern. But things can become more complicated in special situations, such as selling the business, taking over a family company, mergers, expansion, or succession planning.

Family relationships can come under strain in times like these, which is why it pays to involve one of our family business advisers, who can take an objective look at what’s happening in your business – and what needs to happen next.

Succession in a family business is about understanding what’s going on and what’s really at stake.

It calls for detailed insight into how different interests interact and what needs to be arranged or formally agreed to avoid conflict. The last thing anyone wants is strained family relationships, especially within a family business!

Taking over the family business form your parents

Are you about to take over your parents' company? The opportunities can be great, but so can the risks. It’s not always easy to separate business from personal life, and you may not know the company as well as you think. Just because you’ve worked there for some time doesn’t mean you’re fully aware of all the goings on, financial and otherwise. You may also face differing views among family members. We're here to help you objectively assess the family business you’re taking over. We’ll map out the financial situation and compare it with your goals. Does the business have growth potential? And what investment will the takeover require from you?

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Understanding what's at stake

We’ll sit down with you and your family to discuss key questions, such as:

  • When do you want to transfer the business?
  • Is the intended successor really the most suitable person for the role?
  • How do the other family members feel about this successor?
  • Is it financially feasible to transfer ownership within the family?
  • What are the implications for different ownership interests?

Succession in a family business is always about recognising what’s at stake. From that perspective – and in close consultation with you &ndash we'll create a plan that safeguards both the business and family interests for today, and for future generations as well.

Questions?

Looking for an objective perspective? Feel free to sit down with one of our family business advisors, no strings attached. Thinking about selling your business to a third party after all? We’re happy to answer your questions. Don’t hesitate to get in touch.

Let's go for it together

Questions? Ask away!

Is your organisation (SME or SME+) facing a challenge? Get in touch by filling in the form below.

Tom Meuleman
Tom Meuleman Senior Family Advisor
Specialist in business succession
My name is Tom, a tax lawyer and family advisor. I specialize in guiding families through succession issues. I've written two books on this topic: "Opvolger gezocht " (2020) and "Gun elkaar wat" (2022).
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