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Family Business Succession Guide: 2nd Edition
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Family Business Succession Guide: 2nd Edition

Price: $134.00
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Published Oct 2014 (Thomson Reuters)
ISBN: 9780864608871.

By Sue Prestney

Family Business Succession Guide 2nd Edition provides a practical approach to family business succession planning. Authored by Sue Prestney, Partner, PwC the book capitalises on Sue’s extensive experience in working with family and private businesses for over 30 years. She specialises in family business advising, including taxation advice, succession planning, valuations issues, and transaction support including preparing businesses for sale.

The book is an essential guide, not only for advisers to small business, but for SMEs themselves. Written in a clear and concise style, the guide looks in detail at the tax issues surrounding succession, but also provides an excellent guide on management succession (eg the board, future business leaders, employing family members), and equity succession for family businesses (eg structures, form of transfers, buy-outs, asset protection, estate planning).

Containing many practical examples, diagrams and case studies direct from the author’s first-hand experiences, this guide outlines the practical process to be following under a succession planning assignment.

The book also helpfully includes planning checklists that can be used as templates by advisors and SMEs themselves to ensure they get off to a good start on succession planning. These checklists cover issues such as getting started, working with a family business facilitator, developing a family participation plan, preparing a management development plan, and the steps involved in grooming a successor. Other templates and forms include Objectives of the Family Business, Management Philosophy, Agenda - Family Meeting, Family/Business Interaction, and Family Values.

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