Plan the handover of leadership and ownership to the next generation – governance, successor development, transfer options, tax and a timeline.
Selling or exiting a business
Family Business Succession Plan
About this document
A structured plan for passing a family business to the next generation or to new owners. It records the family’s aims, how decisions will be made, how successors will be chosen and developed, how ownership might move across and the inheritance tax and capital gains tax points to take advice on, with an action timeline.
The document is laid out in the sections below. Each one comes with a plain-English guidance note explaining what it does and what to change.
Our templates are professionally structured starting points for UK businesses, not legal advice. For anything complex, unusual or high-value, have your final version checked by a solicitor.
Included in the pack
Selling or exiting a business
for every document in this category
Editable Microsoft Word files
Guidance notes in every document
Written for UK businesses
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