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The total investment cost will be analyzed by our experts that are equipped with a vast knowledge regarding each field.
We will assist in developing and implementing the most profitable succession plan as well as train and educate the successor regarding the financial situation.
All the assets will be valued at their fair market value (FMV) by our experts.
Computation of tax charges on profit on disposal and other relevant activities shall be computed by our qualified tax experts.
Business succession planning is a significant part in operating a business, especially for small business owners. Preparing the plan in advance helps smooth transition and minimizes any negative effects on their departure.
The purpose of business succession planning in UAE always makes sure that a company has the right leaders in place.
Business succession planning allows a company to operate even if the owner departs. Some business owners liquidate the assets and close their business, while others prefer to continue the business without their presence. If so, choose a successor to continue your business.
With the help of business succession planning in UAE, identify the critical positions suitable for the future success, Identify the internal candidates with right skills and desire to take on the critical jobs. Discuss with the potential candidates about their interest and career plans.
Identify the potential talent whether it’s from employee, or individual to designate the owner’s place. Designating a successor in advance will simplify the transition and set appropriate expectations. Also, provides proper guidance for continued operation and future leadership.
If you find any competency gap, then begin grooming them for being a skillful successor. Get essential training and development to achieve the role, invest your time to acquire the skills and gain experience to perform in the senior roles.
Business succession planning in UAE allows business owners to take outstanding debt and lines of credit into account. After collecting the required information, they provide potential information on how to manage debt repayment. Business succession plan indicates the usage of particular funds or assets to repay your loans.
Well-designed business succession plan minimize the consequence of any transfer of ownership or control of a company. This reduces the business owner’s potential tax liability.
Business succession planning in UAE allows companies to maintain their brand identity by maintaining and identifying the internal successor. The company is led by someone who deeply understands its brand promises and shares the right value to its customers.
Changes are unavoidable and it happens within a fraction of second. Understand your company’s goals and prepare your team to work on it for the future. Have growth plans for retiring employees by handing –over their years of hard-earned knowledge before they leave. Build plans for a better future!
