Address Business and Family Priorities in Transitioning to Next-gen Leaders
Continuity helps families plan and implement comprehensive succession strategies that consider all involved, a complex process involving trust, thoughtful planning, and specialized approaches that address sensitive issues and critical factors for the business.
Consider All Stakeholders in Succession Planning
Managing potential conflict through the succession process is at the heart of how Continuity works. Our comprehensive approach is grounded in the belief that family and business issues are inextricably linked. Continuing family relationships are crucial and the needs of all stakeholders must be considered in the planning and implementation phases. from next-gen leaders to current leaders planning a transition to a new phase of leadership.
A customized succession plan for your family business ensures sustainability of a strong enterprise and leaves all stakeholders feeling heard and fairly treated.
The Continuity team offers extensive experience and training in business, family systems, and conflict management. We know how to effectively integrate the expertise of estate planners, CPAs, key non-family executives, and family business stakeholders – both in and out of the business – to produce a succession plan that works as well for the company as it does for the family.
Good Governance is Essential to Succession
While management and decision-making hierarchies are more formal in the business than in the family, creating an organizing governance structure with policies and procedures can improve the bond between family leaders during the succession process.
A family council can promote effective and timely decision making among family members while also reinforcing the shared values that are critical for cohesive asset management and healthy, continuing relationships during a transition.
Continuity offers guidance on the design and development of family councils to support purposeful, timely succession planning for your family business.