Guide

Business succession planning | Guide

Business succession – HERO

Building a robust succession plan

Careful succession planning is key to securing the future continued expansion and profitability of your business.

Whether you’re planning to exit the business for retirement, or putting contingency plans in place in the event of death or serious illness of a business owner – this guide offers a detailed look at the options available to you.

What is included in the guide:


• Succession planning for retirement

Retiring from your business as an owner or founder can be an emotional and difficult thing to do, especially if you have been in the driver’s seat for many years.

• Succession planning for death of a business owner

Having a succession plan in place is vital for when a business owner passes away.

• Succession planning for serious illness

Good planning can ensure that, should serious illness strike, the needs of the ill business owner, their family, business partners and co-shareholders can all be protected.

• How we can help

When we advise clients about business insurance and succession planning, we start by finding out the most important issues in each specific case.

To speak to our team of corporate lawyers about your plan, please get in touch.

Guide to Business Succession Planning

Meet the expert
Alistair Scott-Somers
Alistair-Scott-Somers
Executive Director, General Counsel and Director of Corporate Law

Alistair joined Progeny Law in October 2016 and heads up the Corporate team.

Prior to joining, Alistair worked for Eversheds (now Eversheds Sutherland), before being recruited by Premier Farnell plc to lead its M&A activity. Most recently Alistair was a partner at national law firm, Bond Dickinson (now Womble Bond Dickinson), and led the Corporate team in its Leeds office.

Alistair works closely with owner-managers of businesses, family owned businesses and management teams on improving, funding and maximising the value of their businesses with particular focus on PE backed transactions. He has extensive experience of the transactions in the care, technology, food, leisure and chemicals sectors.

As a keen rugby fan, Alistair can be heard shouting at either Leeds Rhinos or England RU team.

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By Alistair Scott-Somers
17th January 2023

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