What to keep in mind
Review the bylaws, shareholding, inheritance rules, management succession, key signatures and mechanisms for future generations.
Waiting until the founder dies may leave ownership and corporate governance uncoordinated.
Distinctions often confused
Inheritance of ownership and appointment to management are distinct legal events.
Frequently asked questions
Should family succession be planned before retirement?
Yes, to preserve flexibility and legal continuity.
Can succession rules be set solely in a family agreement?
Not necessarily; corporate and inheritance-law requirements also apply.
Informational content. It is not a substitute for professional advice.