Family Business Succession Planning Seminar

Family-owned businesses account for 64% of all Irish Business, and 37% of all employment (938,000). Ref:  DCU Business School 2023

72% of family-run businesses cease to trade within five years of the death of the originator. Only 12% of family businesses survive to the third generation. Ref EU DG 23

Why…..? 

• Failure to plan
• Crisis such as illness, death, accident or dispute
• Financial insecurity
• Reluctance to release control
• Bias against planning
• ‘Management style’, The paradox of the founding entrepreneurial personality
• Fear of retirement
• Rivalry and/or discord amongst siblings……………………..

Business succession planning can have many forms. It may be a legacy issue, a succession issue, a transference issue or a harvesting (sale) issue. The strategies required to meet the varied and often complex issues of succession need time, time to evolve and to be properly planned. All too often future matters are left unprepared and unclear, that is until some unplanned event arises. Seeking solutions in times of stress, anxiety or crisis tends to lead to poor solutions. 

The seminar is relevant to both those preparing to deal with and/or managing any aspect of family business succession. The seminar will inform on the three elements of good succession planning  Legal, Finance & Tax and Behavioural (Psychological). 

The presenters are expert and experienced practitioners.  

• David Donegan BCL is a Senior Partner of Galvin Donegan LLP and specialises in Commercial Law, Company Law, Finance Law & Taxation and has a unique expertise in the transfer and evolution of family businesses. Co-Author of “Irish Stamp Duty Law” now in its 5th Edition – Published by Tottels,
• Stephen Gahan is a Chartered Tax Advisor and a Fellow of the Association of Chartered Certified Accounts (FCCA) and is a member of the Irish Tax Institutes Tax Administration Committee.
• Jan Harte is a Fellow of the Chartered Institute of Personnel Development, (FCIPD), with qualifications in Human Resources, Training, Coaching, Mediation and Facilitation
• JJ O’Connell is a Masters Degree Graduate of the National University of Ireland and Graduate of the Harvard Business School International Competitiveness Programme. He is an International Tutor and Examiner of the Financial Times Institute UK (Henley MBA Management College). He is one of Ireland’s leading family business and succession planning specialists.