Preserving values - shaping generational change in family businesses

In the coming years, more medium-sized entrepreneurs will transfer their life's work to the next generation than ever before. The challenge that the generational transition poses for entrepreneurs could hardly be greater. It represents both an opportunity and a risk - for the entrepreneur and the company as a whole.

The legal and tax framework is complex and subject to constant change. In addition, fundamental business management issues need to be considered. In addition to the factual and technical issues, succession also affects the very personal - and often divergent - goals and values of the entrepreneur and their family.

The generational transfer is of existential importance, especially for family businesses. The long-term survival of the company can only be ensured through a balanced succession concept that takes into account the interests of both the next generation and the generation that will follow. Transferring the management of a company to a successor in a dynamic environment without jeopardizing its economic success is an entrepreneurial task that can only be accomplished through far-sighted planning, careful conception and consistent implementation. Only by dealing with the issues of company succession in good time is it possible to make optimum use of legal and tax structuring options. Failures in this area are often the reason why companies do not last for several generations.

VOELKER has already supported a large number of clients in successfully preparing and implementing the generational change in the company. Regardless of whether a family-internal succession is being sought, the family wishes to withdraw to a pure shareholder position with external management or is even aiming for a complete sale of the company - VOELKER knows the legal, tax and economic challenges and knows how to master them