The need to plan and protect the future of businesses has never been more important, according to regional law firm Napthens.
As businesses plan their post-lockdown strategy and respond to the challenges presented by Covid-19, Napthens is highlighting how owners can take steps to ensure business continuity and protection for the longer term.
Richard Robinson, partner in the Corporate team at Napthens, said: “Business owners, particularly those that are family-owned, are reflecting on what the future holds, succession planning and their personal as well as business lives.
“This also presents an opportunity to look at other related areas such as wills and estate planning, and make strategic decisions about your business. All business owners need to think about succession and the values upon which their success has been built.”
A dedicated webinar run by Napthens also looked at shareholder agreements, planning for exit of the business and protecting family wealth.
Kathryn Harwood, partner in the Wills and Estate Planning team at Napthens said: “We want to work with families early in the process when they are considering the future in times such as these. The business landscape is changing and the need to consider the continuity of your business has never been more important.”
Napthens has been offering advice to navigate the coronavirus pandemic and beyond with a specially assembled team, offering advice on employment and HR, health and safety, business support and wills and estate planning. For more information on the support available during the coronavirus pandemic, visit the Coronavirus Hub.