Succession Planning

Succession planning ensures that your business generates income and remains protected during your lifetime.

Succession planning involves structuring your business, preparing it for potential transfer, selecting heirs, reaching agreements with business partners on business valuation and payout to heirs, defining requirements for professional managers, and establishing a heritage fund if desired. It's a comprehensive set of measures tailored to meet the specific needs of a business founder.

Why You Might Need Succession Planning:

• Your business operations are heavily reliant on you.
• You've created a profitable business but lack successors willing to take over ownership and management.
• Your employees perform their duties due to your authority, but there are no clear requirements for them.
• Your business operates through individual entrepreneurship or is spread across several companies with co-founders.
• You are the de facto owner but lack legal control.
• You have a business partner and are unsure if they can reach an agreement with your successors.
• You have multiple potential heirs.

This list can go on, but simply put: succession planning is relevant for anyone with a business that has independent value!

Benefits of Succession Planning and Structuring for a Business Founder:

• The business becomes stronger and can transition into a "generational business."
• Increased protection of business assets.
• The founder's name will be associated with a constructive legacy.
• Selected heirs will gain access to these assets, preserving and benefiting from them.
• Management requirements will be formed and tested in advance.
• A professional manager can be appointed to run the business, while chosen heirs receive income.
• Agreements with business partners will cover management and various negative scenarios, ensuring solutions are in place.

What Can a Founder Do Now?

• Change the business structure during their lifetime.
• Draft a competent will.
• Create a corporate governance system.
• Conclude a corporate agreement and make corresponding changes to corporate documents.
• Form control and management bodies within the company.
• Implement a system of checks and balances to protect partner interests and prevent unlawful actions by employees.
• Prepare a package of documents for proper notarial actions: list of assets, trust management agreement, will.
• Establish a heritage fund and develop its charter.

"Usconsult" is a legal company that has been operating in the legal services market for over 18 years. We use a comprehensive approach in providing legal support for businesses. What does this mean? It means that if your case goes to court, we will help you reduce risks, defend your interests in court, and continue working with you afterward.

Why Choose Usconsult?

There are several reasons, based on the advantages of our company:

• Individual approach to each client – we don't have standard cases; we develop a unique strategy for each situation.
• We "get along" with numbers – combining our legal knowledge with economic expertise helps us handle cases with maximum benefit for each client.
• Our lawyers delve into not only the legal aspects of each case but also all technical issues. Whether it's construction, design, land surveying, or tax calculations – we are experts in any field.

What Do You Need to Do?

Step № 1: Dial our phone number +7 383 204 92 11. 

Step № 2: Schedule a consultation with Evgeniya Bondarenko, managing partner of Usconsult, head of corporate practice and business reengineering practice, tax consultant, and business partnership architect with 20 years of experience in legal protection and business development.

We will develop a technological roadmap for changes tailored to your needs. Schedule a consultation for business structuring and succession planning.