By assessing who owns what, and highlighting any debt or borrowing arrangements, long term plans can be better formulated.
Succession planning is vital to ensure the continued success of any business whether it is to identify and develop the next generation or prepare for times of crisis. Every business should have an adequate succession plan in place.
Being from a farming background, YoungsRPS land agents understand that many family-run farming businesses involve several generations of the same family - this can make succession a difficult process.
If business growth and secure family relationships are to be maintained, someone has to raise their head above the parapet to have, what some would consider to be, a difficult discussion, an independent professional can often help this process.
You may not want to consider the worst but you can put into place a series of contingencies which will help your company keep going should the worst happen.
If you feel that you could benefit from the involvement of a third party, we can provide you with an overview of values, potential pitfalls and opportunities.
Contact us today to discuss your needs.
31-33 Bondgate Within
18 Shakespeare St
Newcastle Upon Tyne
80-81 High St
50 Front Street