For business owners, wealth is often closely tied to the business itself. Decisions about ownership, succession and value extraction have both commercial and personal implications.

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As a result, planning in this area requires a coordinated approach that considers:

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• The future of the business
• The needs of the family
• The tax implications of different structures and transactions

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Taking a holistic view ensures that business decisions are aligned with long-term personal and family objectives.

We advise a range of clients where business and personal wealth are closely connected, including:

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• Founders and owner-managed businesses
• Family companies and entrepreneurial families
• Clients planning for a sale, succession or family transfer
• Advisers needing joined-up tax and private client input

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Our work often involves collaboration with corporate, legal and financial advisers to deliver a cohesive strategy.

Succession planning is a central consideration for many business owners.

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Our work includes:

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• Succession planning for owner-managed businesses
• Structuring ownership to support intergenerational transition
• Aligning business succession with family wealth planning
• Managing the timing and structure of ownership changes

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Ensuring that succession is properly planned can help preserve both the value of the business and the stability of family arrangements.

The interaction between business assets and personal wealth gives rise to a range of tax considerations.

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We advise on:

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• The interaction between business relief, inheritance tax and family wealth planning
• Family investment companies and wealth-holding structures
• Structuring assets to support both tax efficiency and long-term control
• Planning around the extraction of value from the business

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Careful structuring can have a significant impact on both current tax exposure and future succession outcomes.

As wealth transitions across generations, governance becomes an increasingly important consideration.

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Our work includes:

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• Governance frameworks for family businesses and wealth structures
• Managing intergenerational wealth transition
• Balancing control, access and long-term planning
• Supporting families in navigating complex ownership arrangements

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Clear governance can help reduce uncertainty and ensure that family and business objectives remain aligned over time.

The sale or transition of a business often marks the beginning of a new phase of planning.

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We advise on:

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• Post-exit personal tax considerations
• Family structuring following a business sale
• Managing liquidity and reinvestment
• Aligning wealth structures with long-term family objectives

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Our approach is to provide advice that reflects both the commercial realities of the business and the personal priorities of the individuals involved.

For business owners, planning for the future often involves balancing commercial decisions with personal and family considerations. Whether you are preparing for succession, considering a sale, or reviewing how wealth is structured, taking a coordinated approach can help ensure that outcomes are both practical and tax-efficient.

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The interaction between business reliefs, ownership structures and family planning can be complex, particularly where significant value is involved. Early advice can help ensure that opportunities are identified and that planning remains aligned with long-term objectives.

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If you are a business owner or part of a family business, and would like to discuss your position, we would be happy to assist.