The notion of business succession constitutes a sub-field of asset succession which is particularly important from the point of view of national economy because a faulty succession of an entrepreneur means a considerable loss of economic values.

Therefore, business succession has to do with a suited choice of successors, whether from among the family, company staff or from the outside, and thus a clean transition with respect to the civil and company law. It also involves taking advantage of a fiscally convenient option to exclude excessive tax burden.

At the beginning the biggest hurdle for a new advisor might be to gain confidence and then together with the client develop solutions that convince the client, produce a legally and economically desirable effect and do not overstrain the parties involved.


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