We care about the right succession to your business as much as you do.
Long-term | Trustworthy | Enterprising
We care about the right succession to your business as much as you do.
Long-term | Trustworthy | Enterprising
We help you take well-guided decisions for your business!
Ashani Lakhotia CPA ensures that the succession planning is effective during the transition and implementation phase so the business that you have built for so long does not face any issues due to the change in the management.
Since the succession is changing, it is equally important that the current customers, suppliers, employees or any entity associated with the organisation does not face any problem and the confidence in the business, its credibility and holding is sustained.
The succession planning gets even more crucial in case of sudden death. It gets more complicated in case of family business succession planning. With succession planning in place right from the start, risk gets nullified thus ensuring the safety of the business and its future.
We, at Ashani Lakhotia CPA, make sure all the factors are tuned in with proper planning so the succession when it takes place is seamless and the business operations are not hampered.
Why should you have succession planning?
- Lack of succession planning could affect the business leading to its underperformance which might take a while to recover.
- If succession planning is not done properly, it could lead to loss of current customers and even confidence of the stakeholders in the business.
- If succession planning is not in place, it could affect asset valuations and also increase risk on the capital that the current management might be planning to have after retirement.
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