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Business succession

Successful transfer of one's own company to a successor needs to be planned over the long term. A change of management within a company is a normal part of the corporate life cycle. Despite this, of the 70,000 small and medium-sized enterprises each year that undergo transfer to a successor, an estimated 6,000 are closed down because no suitable is found. Early preparation for the change of leadership is therefore essential if the company is to be kept securely positioned and successful in the market. In practice, actually implementing a business succession is often a difficult task because there is no ready-made solution. Which particular solution is ideal for the specific case depends on many very different criteria. Some of the most frequent mistakes when handing over the rudder and that can lead to succession failing are financing errors, misguided tax strategies, incorrect assessment of legal issues and underestimation of psychological aspects. For these reasons,  WFB Wirtschaftsförderung Bremen GmbH, offers any company with an interest in this issue as well as potential successors the opportunity to work together on planning a successful change of management. Our service:
  • Providing information about basic procedures for business succession.
  • Confidential guidance and support for the entrepreneur and his successor during the planning and implementation phases.
  • Active assistance in finding successors, or companies looking for successors, with the help of business platforms at regional and national level.
  • Establishing contact with consultants specialised in taxation and legal matters.
  • Special start-up consultancy services for the successor, and assistance in all financing and grant support matters.
  • Developing a takeover concept acceptable to banks, as a basis for ensuring financing with the assistance of RKW Bremen.

Links
www.begin24.de
Kontakt
WFB Wirtschaftsförderung Bremen GmbH
Mr. Peter Jäschke
Tel.: +49 421 9600 - 224
E-Mail: jaeschke@wfb-bremen.de


WFB Wirtschaftsförderung Bremen GmbH
Mrs. Katja Meißner
E-Mail:katja.meißner@wfb-bremen.de

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