Back
We continue to provide our legal services through the COVID-19 pandemic. Please visit our COVID-19 Hub for legal insights, or contact us directly.
Get in Touch Menu

Tips on future-proofing your business at our succession planning seminar

03 September 2019

According to research[1], nearly 6 out of 10 family businesses in the UK don’t have a succession plan in place.

Just like making a will, it’s often one of those tasks which is shelved for ‘some other time’, sometimes until it’s too late.

However, should a key director retire, or crucial personnel suddenly depart, how would your organisation cope?

Some of our lawyers will be sharing advice on succession planning for businesses, from family-run and SMEs to national organisations, at our upcoming October breakfast briefing at National Star College, Ullenwood.

Employment law partner Matthew Clayton, corporate & commercial associate Sophie Martyn and wills, trusts & probate associate Rachel Sugden will take you through the primary legal issues. They will reveal how you can safeguard the continued smooth running of your business should there be a change of personnel or ownership, whether planned or unexpected.

They will be covering topics such as the legal issues around retirement, preparing junior staff for taking on more responsibility, different ways for introducing equity stakes for existing staff, bringing in new investors, owners or management team and passing on business shares and assets in your will.

The seminar is aimed at business owners, managing directors, CEOs, HR and finance directors, and there will be opportunities for networking with fellow delegates before and after the session.

Partner Matthew Clayton, speaker and head of our Legal 500-rated employment law division, commented: “It’s hard to overestimate the importance of having a good succession plan in place, and it’s surprising how many businesses do not already have one (particularly family-run operations and SMEs).

“Having a succession plan in place is key to achieving a well-managed ownership transition – benefiting the employees, shareholders and all who rely upon the smooth running of the business.”

The workshop runs from 7:30am to 9am on Wednesday 2 October and tickets cost £18.50, to include a light breakfast.

Book tickets

[1] Source: Legal & General study.

Contact
Willans
Solicitors
About
Share this article
Resources to help

Related articles

SoGlos Gloucestershire Lifestyle Awards 2021 launches: Willans returns as headline sponsor

We’re backing our county’s most vibrant lifestyle businesses, returning as headline sponsor for the SoGlos Gloucestershire Lifestyle Awards 2021. Gloucestershire’s lifestyle businesses make our county a truly unique place in…

Willans
Solicitors

Brexit latest – What we all need to know: Join Willans, Crowe and AFEX for upcoming Circle 2 Success webinar

For businesses across the country, keeping up to speed with the drip-feed of Brexit-related information has been a real challenge, compounded by the pressures of the pandemic. With this in…

Willans
Solicitors

Kick-starting 2021 with a new partner and promotions

We are delighted to have kick-started 2021 with a series of senior promotions – one to partner and three to associate level. Clockwise from top left: Adam Hale, Mary Young,…

Willans
Solicitors
Contact us