#TaxmannPPT | Know About Succession Planning

Business Succession Planning Prepared By : CA Gaurisa Sonkia Presented By : CA Ravi Mamodiya

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#TaxmannPPT | Know About Succession Planning

Published on Aug 30, 2022

✔️ What is Succession? • Meaning of Succession • Types of Succession Planning ✔️ Why Succession Planning? • Why should we talk about this? • Planned V/s Unplanned Transition ✔️ When should Succession Planning be done? ✔️ How to Start the Process of Succession Planning? • 5-Step Approach • Family Constitution • Alignment of Family and Business: Three Circle Model • Alignment of Family and Business: Parallel Planning Process • Successor Identification & Grooming ✔️ Some Interesting Points • Documentation • Open Mindedness • Retirement & Exit Strategy ✔️ Basic Understanding of Laws and Regulations of Succession • Succession Law • Intestate Law & Domicile • Testamentary Succession • Hindu Undivided Family (HUF) • Myths on Succession

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