Senior Financial PlannerAltri articoli
Succession planning tips for SMEs in Switzerland
The boundaries between business and personal life are often blurred for business owners. The value of one’s business often accounts for a significant portion of personal assets. And entrepreneurial developments have a corresponding impact on personal finances and retirement planning. Professional succession planning has the advantage of balancing these dependencies at an early stage. This is how you can successfully pass on added value twice: to your successor in the company and to yourself for retirement planning.
“What is good for the company? What is good for me?” In practice, the two perspectives cannot always be easily separated. Nevertheless, being aware of the role in which you make each decision is essential—whether as a business owner or as an individual. Given that this process is far from easy, we have specialized in providing holistic advice to families who run their own businesses, from company pensions to succession planning.
A change of ownership can trigger a number of changes both within the company and also in your personal life. How do you prepare a company for sale while not thereby generating tax or financial burdens for either you or your successor? To bypass any avoidable downsides, succession planning must be treated as a dynamic process. The earlier you start, the greater the flexibility.
From all these points, you can put together reliable facts for decision-making if you involve the relevant experts at an early stage. We will be happy to put you in touch with our financial planners, tax experts or estate planners.
Source: KMU-Portal SECO
For sellers of a company, having an overall view of their financial situation is vital. For example, are you aiming for the highest possible sale price to boost your retirement savings? Then aligning the sale with your retirement assets is worthwhile. Our experts will be happy to advise you.
As a business owner, you can generally choose whether to pay yourself the profit of your company through dividends or to give yourself a raise. Both options have their advantages and disadvantages in terms of taxes and retirement planning. Our experts will assist you in making the best decision for your personal situation.
The sale of a company can bring in a large sum of money in one swoop. We provide comprehensive tax advice to self-employed individuals and SMEs regarding the sale of their businesses. Anyone who is not familiar with the tax jungle can quickly fall into a tax trap. Experience shows that not all taxpayers can catch up with the “knowledge advantage” of the tax authorities in direct contact with them. Our experienced tax experts negotiate all Swiss tax issues on equal terms with the authorities and, where necessary, obtain binding tax rulings.
The protection of a spouse or partner in the event of death, as well as regulations for incapacity in areas such as personal care, asset management, and representation in legal transactions, are crucial. Family businesses also present unique challenges for heirs of a deceased entrepreneur in terms of taking over the business. The revised inheritance law, which came into effect on January 1, 2023, has already taken steps to facilitate family-internal business succession by reducing compulsory shares for descendants. This will be further expanded in a future revision stage.