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Passing on your business within the family

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Next Generation

Passing on your business within the family

Jun 28, 2023

Passing on your business within the family Watch the video: Passing on your business within the family

Passing on a business within a family can enhance an existing legacy (or create a new one). However, if managed incorrectly, it can undo a lifetime’s (or even generations of) achievement. In this fifth webinar of the Beyond Business Ownership series, our expert panel tackles this emotive subject. The breadth of topics covered include: how soon should you involve the next generation in your business? When is it appropriate to bring in external management? Have you considered the culture of the business and how it might change? What direction will the next generation seek to take the business? What steps should you consider for a smooth transition? 

Hear what our panel of experts have to say. Andra Ilie, Senior Adviser on Family Governance and Family Offices and Philanthropy at HSBC Private Bank, is joined by Peter Golden, Partner at the law firm Fieldfisher and Nick Parkinson, Partner at Grant Thornton.

This material is issued by HSBC UK Bank plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK. It has been issued for your information purposes only.

Please note that HSBC does not provide tax or legal advice and clients should seek professional advice from their tax advisor. Any reference to tax is based on our knowledge of the current and proposed tax regime and is subject to change.

In the United Kingdom, this document has been approved for distribution by HSBC UK Bank plc whose Private Banking office is located at 8 Cork Street, London, W1S 3LJ.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of HSBC UK Bank plc. Copyright© HSBC Private Banking 2024. 

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