Succession planning is also known as Replacement planning. Succession planning can involve the change of leadership or ownership of a business as well as the inheritance of a business to an entity/employee/family member.
Succession planning ensures the smooth continuity and growth of a business. Every business must possess a succession plan that includes shareholding or assets like property. We at Kudos PRS help create the right legal structure formation that includes succession planning for a smooth transition and continuity in case of any unexpected events.