Successfully shape Your Business Succession
Make use of an experienced “Certified Consultant for Business Succession (HTW Dresden)”
Early Start of Succession Planning
Did you know that a smooth transfer of a business may take between 2 and 10 years from first ideas to a successful continuation of the business under the new owner? Every side runs through a long process to locate the right company to take over and the ideal successor to follow running the business in the desired fashion. Hence, do not start to too late to take the first steps. And remind yourself that next to the obvious tax and legal topics, a multitude of soft topics will arise on the agenda.
Support available through bmbg consult
To help you keep all strings under control and always in your hand, bmbg consult will act as a facilitator and moderator throughout the succession transfer process. Regardless of whether you are looking for a company to take over of you want to transfer your business into the hands of a suitable successor. The following coordination tasks and activities are deemed to be relevant:
- create a success plan
- coordinate between your tax advisor, chartered accountant, and lawyer
- engage your family
- safeguard your company and yourself (Notfallkoffer)
- search for a successor or suitable company
- support in securing funding
- preserve the company value prior and after the handover
- secure your financial funds
A few Facts and Figures
- there are about 3.3 million enterprises in Germany
- out of those 99.,6% are small and medium sized enterprises
- about 27.000 enterprises are using for a succession each year
- 54% of all family owned business transfer ownership within their own family
- 17% will be transferred to an internal successor
- for 34% an external successor is found
Source: IfM Daten und Fakten Nr. 11 Unternehmensnachfolgen in Deutschland 2014 bis 2018
More recent numbers can be found on the website of the institute.
The education program leading to the “Certified Consultant for Business Success (HTW)” has been partially funded by the European Social Fund (ESF) and the Free State of Saxony.