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Business Succession

Whether you want to ensure smooth transfer of business control in the future, or make sure the business can cope with unforeseen events, it is important to put effective succession planning in place.

How can Thorntons help?

At Thorntons, we can provide all the input you may require for effective succession planning within your business, including advice on Inheritance Tax, protecting against unforeseen events, and procuring succession within family or management.

Through Thorntons Investment Services, we can advise you on business protection issues, such as ‘key man’ insurance and putting policies in place to facilitate the purchase of any deceasing shareholder or partner.

Our Private Client team can assist in advising on estate planning and how it relates to your business, and help make maximum use of business property relief and other tax minimisation strategies.

Our Corporate team can structure companies or partnerships to protect against business interruption arising from death or critical illness, and to allow the smooth transfer of control.