Rural Succession Planning
We’ve helped many rural businesses and estates as they’ve passed through multiple generations and have first-hand knowledge of the emotional and practical difficulties you may encounter. We understand the complexities involved in developing the most suitable succession plan for your business. We’ll consider your current needs and future goals, helping you find a plan that fits everyone involved.
Our dedicated team can help you with fundamental decisions about operating as a sole trader, partnership, limited liability partnership or as a limited company. We also have extensive experience in advising trusts and charities.
The type of business structure that you select may affect its income, capital and inheritance tax liabilities and will have a key bearing on succession planning. We always advise seeking expert advice at the time of setting up your business, or at the beginning of a potential transaction or substantial structural change. These are the points where you will have the most options and where our expertise will benefit you to its fullest extent. Further, a new business structure may be required to facilitate diversification or joint venture projects.
Choosing the most suitable structure for your business can be among the most far reaching decisions you will ever have to make. We are here to provide guidance and peace of mind that you have settled on the best option. We work closely with colleagues in our Wealth and Trusts Team to secure the best outcome for you.
Meet the experts
"The depth of experience which the team at Anderson Strathern has gathered in working with rural estate clients allows them to seamlessly handle large, complex and high value transactions as well as supporting day to day operational matters and queries. The advice provided by the team is enhanced by experience in the forestry, energy and commercial sectors as well as in the agricultural sphere."