Full spectrum of arrangements for the retention and management of a family business
Our Family Business Wealth team has the knowledge and experience of family businesses to cater specifically to your ownership and succession needs.
Bespoke family business ownership and succession planning services
Family businesses account for two thirds of businesses around the world and generate an estimated 70-90% of global GDP. TMF Group’s Family Business Wealth team are experts in managing challenges faced by family businesses throughout the world, including succession planning. Our experienced team knows the ins and outs of family business wealth and is able to assist business owners and their extended family in a variety of ways, creating and delivering bespoke services around ownership and succession. We are able to make sound arrangements for the retention and management of your family business, allowing it to continue thriving and generating profit in the long term.
Family Business Ownership
TMF Group is a leading global provider of high-value business services to clients operating and investing globally. We focus on providing specialized and business-critical financial and administrative services that help our clients to operate in different geographic locations. Our services can help companies of all sizes with HR and payroll, accounting and tax, and corporate secretarial duties. We provide assistance both to companies planning to globalize their operations, or who need support to streamline existing local entities.
We can offer you with a single point of contact to coordinate the day-to-day management of your outsourced operations, and help to ensure clear communication across multiple jurisdictions. On top of this, our Family Business Wealth team has the knowledge and experience surrounding family businesses to tailor specific solutions to your organization’s needs.
Follow the links below to read more about how TMF Group can work with you to realize your global commercial ambitions.
Family businesses are unique in nature, two seemingly contrasting worlds; family and business, are combined into one and ideally preserved for future generations. Transferring the business from one family member to another is a complex and weighty decision. Therefore, business succession should be planned carefully by someone you trust, who has the expertise and knowledge to make you feel secure in assigning them the task of succession planning and its subsequent execution.
TMF Group’s Family Business Wealth team offers services around the development of a succession plan, drafting all the necessary documents, and also administering the execution of plans if required. We take into account tax implications of any strategy invoked and look at the most appropriate provisions to protect the business even after succession takes place. We also take into account the option of selling the business to a third party if a suitable succession plan cannot be devised.
Why work with us?
Choosing TMF Group’s family business ownership and succession planning services to secure the retention and proper management of your family business offers clients and their professional advisers a number of advantages, including:
- Global access and substantial international support
- We work with you, and your advisers, to devise effective solutions for your needs
- Dedicated staff who ensure a personal and specialized service to both clients and their professional advisers
- Innovative and continual development of financial solutions and the expertise and resources to best serve clients’ interests
TMF Group’s international client base is diversified and includes family businesses, HNWIs and multi-national families. We are an independent third party which means that we are free to work with your auditors, advisers or banks without creating conflicts or interest in corporate governance or local regulatory restrictions.
Interested in our Family Business Ownership and succession planning services or have any questions? Please fill in our ‘Make an enquiry’ form today, with details of your request and we’ll get in touch with you to provide more details.