Succession planning is perhaps one of the most critical elements of a company’s life cycle. If not planned correctly the negative financial impact for the company and individuals involved can be significant. Unfortunately, after spending a life of hard work in building up a strong and valued company, lack of an effective succession plan often results in a bitter exit.
Although succession planning is not always at the forefront in the mind of most business-owners, whether you plan to sell your business, wind it up or pass it on to your descendants, it is essential to plan your strategy carefully from an early stage.
There are several strategies that KSi Malta can advise on and help implement, and with our specialist tax expertise, we can help you find the most tax-efficient and effective method regarding the future succession of your business, as well as guiding you strategically to ensure that this will be a smooth and simple process.