Generational changes

Successful generational change with the help of an expert

Generational change as a process usually requires careful planning and negotiations between the parties. Several viewpoints should be considered in the planning. Factors such as to whom the company’s assets will be transferred – a family member or an external party – will impact the implementation process. Additionally, areas such as funding the acquisition of company assets, the desired future ownership structure, the parties’ intent with regards to other terms, and the company’s business and management should be considered in the process. Based on these, it may also be necessary to assess whether the generational change should be implemented all at once or at stages.

Careful planning pays off: when implemented correctly, there is a range of tax reliefs available for generational change, both for the party handing over the business and the party taking it over. This is why bringing in a Rantalainen tax specialist already during the planning stages will be worth your while.

Examples of the services we provide for generational changes:

• Preparatory actions: Business development and business reorganisations
• Plan for the generational change
• Tax planning of the generational change and reviewing the options
• Implementing the generational change