Business owners considering putting a succession plan in place – or wanting to ensure theirs is up-to-date – are invited to a seminar hosted by leading East Midlands law firm Nelsons, and international accounting and business advisory firm Mazars.
Succession planning is the process of identifying and developing new leaders who can replace current ones when they leave the business. It involves understanding the organisation’s long-term goals and objectives to ensure a smooth and successful transition between leaders.
The free event – which will take place at Nelsons’ Nottingham office in Pennine House, Stanford Street, on 25 February from 9am – will focus on how a robust succession plan can:
- Help reduce taxes
- Protect your business in the event of death or loss of mental capacity
- Encourage future growth within the business
- Pave the way for retirement.
Catherine McCannah, Partner and Solicitor at Nelsons, who will be speaking at the event, said: “The day-to-day demands of running a private, owner-managed business can often mean it’s hard to find the time to consider a robust succession plan. However, for the long-term survival of the business, it’s vital to have such a plan in place.
“Our seminar is aimed at business owners who are considering a succession plan and those who already have one in place. It’s incredibly important to regularly review your plan to ensure you’re up-to-date with ever-changing tax regulations and legislation.”
Gary Collins, Partner and Head of Tax at Mazars, said: “We’ll be looking at a number of case studies during this seminar, and identifying common pitfalls from both a taxation and legal perspective that could generate an outcome that’s not in line with the owners’ expectations. We’re delighted to have joined forces with Nelsons to deliver this seminar as we can approach the subject from both perspectives and offer expertise and advice in both fields.”
Other speakers at the event will include Nelsons’ Associate and Solicitor Nadia Faki, and Mazars’ Assistant Manager Natasha Amos.
The event is free to attend but places are limited. To register your attendance, please visit: www.nelsonslaw.co.uk/events.
Registration will take place from 8.30am and refreshments will be available. The seminar will commence at 9am, running until around 10.30am when there will be the opportunity to ask questions on an individual basis.