Target Audience

Business Owners, partners in family businesses and dormant shareholders in a family business, founders and key employees and advisors.
Programme Standards

- Maximum 8 attendees
- 30 days of one to one support
- Handouts
- Programme director/s with at least a Masters Degree in the subject
- Convenient morning timings or in-house at any time for a minimum of two bookings
- Can be configured to address a number of professions and industry sectors

Price

EUR495 ex VAT per participant.
Succession Management Masterclass

If you have a business you worked hard to build and you are in your forties you need to start to think about your succession strategies. Passing on your business to your children is not easy. According to a recent survey we execute din Malta as much as 60% of SMEs do not survive the succession process. There are a multitude of problems, pitfalls and opportunities one needs to start to plan for now in order to be fiscally efficient and prepare for the exit stage.

If you want to learn how to plan your exit in profitable way that adds value to your family wealth this is the programme to attend.
Topics Covered

Succession Planning - A Brief
What is understood by succesion planning, why is it important and how does it fit into day to day business operations.

Succession - To Whom?
We llok at the options of succession and why it si important to identify a clear strategy early on in the lifecycle of a business.

Exit Options Strategies
We review the various exit strategies a business owner in his forties needs to consider in the long term whether not not he has children

What Happens in Case of Marital Breakdowns
What happens when things go wrong or if they go wrong between now and succession or if the next generation fails the test of a solid matrimonial relationship (1 in 3 marriages fails)

Managerial Challenges with Next Generation
How to address the managerial challenges of passing on to the next generation or how to increase the goodwill value of a business that can be sold on its own.

Fiscal and Legal Situations
Review of the legal operations of selling a business, trusts and foundations and how to use them in a fiscally efficient way.

Trusts/Foundations and when to Use Them
We look at how trusts and foundations can be used to safeguard the succession process ispecially in the evolution of the traditional family structure where line of blood may be interrupted/broken.

Succession Planning and Retirement
How to address the retirement needs of the previous generation in  afair and equitable way into the future when life expectatncy may go into the later 70s+