LOGOS always deals with legal matters promptly all clients.
Support center for Family law/Inheritance
Logos is always with clients in a quick, accurate, and friendly manner when it comes to dealing with cases.
What is Family business succession?
It indicates transferring ownership and management rights from the present businessman or CEO to the next generations in order to continue the management situation of corporations and all related matters; the successful family business succession is the last assignment of a successful CEO who plays a pivotal role in national economy, such as creation of jobs, innovations in techniques, and improvement of national power.
The research center for family business succession of our law firm, Logos, supports clients in order to be continuously developed into be a long-lived company in the world and to make a stable and successful succession throughout inheritance including family business succession by managing support program which is differentiated from existing advice, long-term, and professional.
Process and Support Program
Important check list
1. Share values and long term plan between current owners and successors.
2. Set up effective communication channels between family members and align their interests.
3. Communicate between succession company’s internal and external interested parties.
4. Build a long term succession planning program.
5. Build a specific plan to achieve long term goals.
6. Make sure a group of professionals are in place.
7. Devise a counterplan in case of any unexpected situations.
8. Devise a plan for completely financial independence and retirement.
9. Devise a plan to select competent successors and a viable business plan.
10. Devise a plan to handle taxation and financial issues after business succession.