Business Succession

4. follow-up Forum in Nordhausen, discussed problems of succession of Nordhausen (mxm). Undisputed is the fact that for every entrepreneur and successor to the control of the own business succession represents one of the most important challenges. Only through early planning and preparation, the desired succession for all stakeholders is ultimately a success. Learn more at this site: Silverfern Group. That was the gist of the fourth follow-up Forum, which is organized and carried out since 2007 by the regional service center (RSC) of Nordhausen and Erfurt Chamber of Commerce with the participation of the firm Lambrecht & Marx. Regional banks and the Chamber of Commerce and RSC include the circle handwerkerschaften inter-district network coordinator, who have made it to the task, who competently and independently advise potential successor and transferor. Monika Lambrecht, consultant of firm Lambrecht & Marx (Sondershausen and Muhlheim), explained in the introductory words of the Manager of the regional service center of the IHK, Udo Rahman, the scenario of a successful Succession timetable”. Typical was that of succession planning is rarely straightforward proceeding”, because often the successor or the transferor also surprisingly change its plans or the situation of the company adversely change. .

Disease suddenly spills due to the complexity of planning is still absolutely necessary”, pointed Monika Lambrecht and advised 10 years before the scheduled departure to pack an emergency case” for the event or accident. Continue to the outgoing contractor should plan far in advance a wealth management strategy and his early retirement, carry out a control check and economically fit to make the company. At least 5 years before the handover also the fundamental decision about the potential successor should be made to concretise the succession in the last 4 years, to create a tight schedule and the transfer agreement to set up. In some cases, it may be sufficient to a quite less time than the spoken. The urgent recommendation was followed by the Expert, professionally competent advice and support to ensure a smooth flow. Corporate long-sightedness prevents you from human and business failures”so your resume. That retirement especially for entrepreneur plays a significant role, said Heiko Hohlbein insurance expert.

They have an individual supply needs – especially as shareholder / director of your GmbH – the remuneration conversion models and solutions to occupational pensions as part of overall compensation play a not insignificant role. A particular risk is in pension obligations, provided they are not back covered to the necessary extent by insurance companies. Because a successor would not reasonably a such GmbH accept with pension commitment. Elke Kaiser discussed the issue of family and corporate conflicts and the ways to solve this, promising in the context of a Konfliktcoachings in the wake of mediator. Often had clients from an emotional Consternation out not in a position to identify the real causes of conflicts and to solve this. Then, a qualified Konfliktcoaching by a trained mediator can help to see land again”and to deal with conflict constructively. Lawyer Karin Giessler (firm Lambrecht & Marx) spoke about the conclusion about the rights and obligations in connection with the transfer of operations and pitfalls in the individual contracts. The workers of part of was so clear that competent legal support for the follow-up process not only in the design of the delivery contract, but also in the design of the internal delivery processes is necessary for the successful delivery. The great interest in the subsequent panel discussion, as well as the personal talks, made clear the need for information on the topic and encouraged the organizers to continue to continue this form of information and advice. Text: Maxxomedia.