Farm and Small Business Succession Planning

A Succession Plan is a roadmap for the process whereby a business or property owner intends to exit the business and transfer the ownership and/or management of the business to the designated successors by way of an orderly transition, most commonly generationally within the family.

Succession Planning is a complex process that may involve addressing a range of difficult emotional, financial, tax and legal issues so it is important for the sake of your business, family members and stakeholders to ensure you seek professional advice and guidance throughout the process.

Garden & Montgomerie’s expert legal team will work with you, your accountant and other professional advisors to create a well-documented and clearly communicated plan that:

• Identifies your future goals and priorities;
• Establishes the desired outcomes of your successors and other affected family members;
• Formulates a strategy that clearly maps out the path forward; and
• Addresses the specific challenges relating to your situation.

Every business and family situation is unique but our strategies can be adapted to address your specific needs.

Garden & Montgomerie can help to ensure that the established succession plan is fully documented and implemented, reviewed regularly and progressed or adapted when significant personal or financial challenges need to be addressed within the business or family.

Don’t risk your legacy; let Garden & Montgomerie assist you to create a successful succession plan for your business.