Family Succession Support

Guiding family businesses through successful transitions, whether within the family or to new ownership

Keeping the Legacy in the Family

When family members are ready to take over the business, a structured transition plan ensures the preservation of your legacy while minimizing disruption to operations and family harmony.

Our comprehensive family succession planning process helps you navigate the emotional, financial, and operational aspects of transferring ownership to the next generation.

Family Succession Planning IFED - Family photo

The Family Succession Roadmap

1. Family Assessment

Evaluate family members' interests, capabilities, and readiness to take over the business. Identify potential successors and their development needs.

2. Succession Planning

Develop a detailed succession plan with clear timelines, roles, and responsibilities. Address ownership transfer, leadership transition, and governance structures.

3. Successor Development

Implement training and mentoring programs to prepare successors for their future roles. Gradually increase their responsibilities and decision-making authority.

4. Transition Execution

Execute the ownership and leadership transition according to the plan. Manage stakeholder communications and ensure business continuity throughout the process.

Family Governance Framework

Establishing clear governance structures helps prevent conflicts and ensures smooth operations

Family Council

A forum for family members to discuss business matters, share concerns, and make collective decisions.

Family Constitution

A written document outlining family values, vision, and policies regarding business involvement.

Advisory Board

External advisors providing objective guidance and expertise to complement family leadership.

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Need Personalized Guidance?

Every family business is unique. Our succession planning experts can provide personalized guidance tailored to your specific situation, whether you're planning an internal family transition or seeking the right external buyer.

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Success Stories

Discover how other family businesses have successfully navigated succession planning with IFED's support. Our case studies showcase both internal family transitions and external sales that preserved business legacies while achieving owners' financial goals.

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