Harwood Andrews’ lawyers are experienced in assisting family businesses to establish the most effective structure in terms of management, ownership, transfer of ownership, risk liability and tax considerations.
Optimal business succession planning is a challenge for many family businesses and has the potential to cause conflict and division. We assist family business members by taking into account all assets and tax requirements and the objectives of all stakeholders. We recommend that business structuring and succession planning form part of an integrated family plan so that fair and equitable arrangements are in place and transition can occur as smoothly as possible.
Our advisers also assist individual family members with their personal succession planning such as wills and powers of attorney to further protect assets from unforeseen and unwanted circumstances, such as relationship breakdowns or bankruptcy. Clients turn to us to ensure any risks to their assets are minimised and the potential liabilities associated with their business are limited.
We help our clients safeguard their personal and family business assets and preserve their legacy for future generations.