Succession planning
Handing over to the next generation or to an outside party.
Where companies usually stand
The handover is due but there is no timetable. Often it is still open whether the next generation wants to take over at all, and the question has been postponed for years. The later it is answered, the fewer options remain.
What this involves
- Preparation well in advance, often over several years
- Handover within the family, to the management team or to an outside buyer
- A gradual withdrawal rather than a break from one day to the next
- Coordination with tax and legal advisers
How we go about it
We start early, usually years before the handover itself: ordering structures, making the figures reliable, passing on responsibility step by step. Whether it goes to the family, to the management team or to a buyer is decided along the way. We work with the company's tax and legal advisers rather than around them.
Succession planning from Reutlingen, Germany
DROST Consulting is based in Reutlingen, Bahnhofstraße 1/1, and has worked with owner-led companies for over 45 years. A first conversation rarely takes longer than half an hour and costs nothing.
Phone +49 7121 7907 603
Other fields
The other 10 fields. Much of this is connected, so it is worth a look next door.
Does this describe your company?
A first conversation rarely takes longer than half an hour. After that you will know whether we are the right people for you.
No obligation.