Douglas Home & Co merges with EQ Accountants
The Douglas Home & Co directors are thrilled to share some exciting news regarding the future of the business. After over 40 years of dedicated......
Regardless of your business industry, size or circumstances, our team of business experts can provide you with the best advice when you are looking to move onto new opportunities.
Succession planning takes place when a current company director or shareholder is looking to leave the organisation and pass on the responsibility to another person who is appropriate for the role. The director or shareholder may be looking to retire or may want a plan in place to ensure the business can continue trading if they were to become seriously ill or pass away.
After years of working to build up your farm, plans need to be in place to guarantee your family understands what will happen to the business when you are no longer here.
By creating a succession plan, you can start the conversation and safeguard the farm and your family’s future. Douglas Home and Co offer an initial meeting to talk through your business to gain an understanding of your individual position.
This will allow us to build a plan that is fair for each member while navigating issues such as Inheritance Tax. Once the process is complete you will have peace of mind that no matter what might happen in the future, the business will be safe, and everyone involved will be on the same page.
At some point in your business evolution, you may need to plan for retirement or wish to sell it on.
By creating a succession plan, this can ensure that you consider financial and legal implications, realistic and achievable time frames and choose the successor which is right for the business.
Douglas Home and Co have a team of succession specialists who can guide you through the process, so no stone is left un-turned. Our team can discuss sensitive subjects such as how much the business is worth, buy-sell agreements and potentially leaving the business to a driven employee or director.
Having this plan in place can allow you to maximise your business value and ensure it is safeguarded for the future.
All six of the DHCO directors are succession planning specialists. With the firm’s director-led approach, each of them actively manages succession enquiries from our clients.
They have also trained the succession planning team and passed on their extensive knowledge that has been built up over 40 years of service.
“We appreciated Darren’s personal approach and the time he took to really understand our family. Having him visit our farm for meetings and knowing he was able to be contacted at any time if we had questions made it feel like he was an extension to our own business. This resulted in a smooth succession planning process.”
Succession planning can be a daunting process, but it’s important not to bury your head in the sand. Early planning is key to achieving the best result for everyone involved.
The Douglas Home & Co directors are thrilled to share some exciting news regarding the future of the business. After over 40 years of dedicated......
Michael Laird Architects, established in 1954, are an award-winning architecture firm based in Edinburgh. Over the years Michael Laird Architects has grown significantly completing a......
As well as Succession support, we also offer a range of other Tax Planning Services to meet your Accountancy needs:
With offices located across Scotland and North England, we can meet where it is most convenient for you
Our specialists have knowledge spanning many different sectors including agriculture, property, hospitality and medical businesses
Our highly experienced directors are involved at all levels of the business, making sure you are getting the best service possible
We take a modern and fresh approach, helping businesses think outside the box and secure exciting opportunities
We work as an extension to your business, getting to know your unique needs
We are business development specialists, helping your business to go further
