Business Succession Planning

• Approach • Strategy • Execution
Covering
• Business Continuity Strategies
• Five Step Practical Approach for Succession Planning
• Creation of Family Constitution
• Tools and Methods to identify the Suitable Successor
• Estate Planning
• Practical Case Studies and Checklists
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Description
After 10 years of being a Chartered Accountant, there was only so much in accounts and taxation that I could
handle. But, I did begin to notice a shift inside me that was influenced by a series of events outside my area of work. One question gripped me strongly and got me chasing towards a deeper meaning: What is beyond Success? Helping entrepreneurs and large corporate companies to acquire success has always been my core strength. However, after a certain point, every business owner is troubled by family disputes regarding ancestral properties or worried about handing over the reins to the right person. I was approached to address such problems, or I may have started noticing them more prominently at the time. This was a similar problem that I faced when my father passed away and left his estate and financial belongings to my mother and siblings. I knew I had to dig deeper into this.
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Contents

Part I     - Succession Initiation
Part II    - Succession Preparation/Rehearsal
Part III   - Owner's Vision
Part IV   - The Family Constitution
Part V    - Aligning The Family And The Business
Part VI   - Successor Identification & Grooming
Part VII  - Ownership Transfer And Estate Planning
Part VIII - Case Studies And FAQs
Annexures
Annexure 1 : Draft Format Of Private Trust Deed
Annexure 2 : Draft Format Of HUF Creation Deed
Epilogue
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Author Details
Ravi Mamodiya is a Chartered Accountant by training, entrepreneur by choice and business consultant by passion. His perspectives on organisations and processes fly in the face of conventional wisdom. Ravi is a fellow member of the Institute of Chartered Accountants of India of 2011 Batch and did his post-graduation form Rajasthan University. Currently he is a managing Partner of M/s. AR Mamodiya & Co., Chartered Accountant, Jaipur. In his long career with Hindustan Zinc, Ernst & Young and later working closely with many SMEs, he specialized in turnarounds by providing ground-level solutions.