A transition between generations can be highly advantageous for your company. But there’s a lot to take into account. It’s advisable, therefore, to get started as early as possible, which is something we’d be happy to help you with. Working with us means you can count on the expertise and effort of your private banker. They will guide you through every step, putting their in-depth know-how and professional commitment to work for you at every level of the process.
Is your business ready for the next generation?
As Belgian market leader, KBC knows your sector’s strengths and challenges inside out. Advising family businesses is in our DNA. We’re committed to long-term relationships.
We understand your growth strategy, goals, your family and group structure better than anyone.
In short, we know what counts for you.
Like you, we understand that the emotional aspect plays as large a role as the business element.
Together, we’ll pave the way for your generational shift.
Because preparing for a transition between generations is a process that can take several years and is frequently underestimated. With our experts to help you, however, you don’t have to worry about a thing. Your private banker will be your sounding board from start to finish. They’ll take the time to listen to your story, your concerns and your needs at personal, family and company level.
A transition between generations: when and how to begin?
The message is to get started early, as there’s a lot to consider.
We’ll take care of this for you in a few clear steps. We can then take our time and make sure that the transition is problem-free for you, your family and your business.
To assess where you are in your transition, we start by mapping out the entire process with you and listing your personal and strategic choices. It goes without saying that we never lose sight of the family aspect. When working out the transition plan, we go into the following areas in greater depth:
Checking which ideas about the transition have already been worked out.
Looking at whether these steps have been clearly formulated yet.
Drawing up an overview of the legal and tax aspects relating to your situation and your transition.
The basics are in place. Now what?
The next step is to set out the broad outlines of your transition. This obviously occurs in consultation between you, your shareholders and your private banker.
We ensure that all the plans and visions dovetail, down to the smallest details. It’s a time-consuming process, during which you can count on your private banker and corporate relationship manager at all times. They’ll take care of the coordination and, where necessary, bring in experts in areas like business finance, takeovers, wealth planning, risk management and tax or legal advice.
In the process, we keep a close eye on the following steps:
- Is your transition adequately aligned with your strategic vision?
- Does the transfer of ownership take account of all the legal stipulations?
- Is the group structure compatible with your transfer of ownership?
- And is the planned asset transfer tax-efficient?
Your private banker remains your coordinating contact throughout and will maintain a clear overview. They’ll ensure, for instance, that your transition plans don’t jeopardise your company’s growth plans.
That way we can make sure that all the risks facing your company are kept under control.
We’re here to help you.
Would you like to know how KBC can help you and your family business during a change of generation? Or do you already have a specific question? If so, be sure to contact us.If so, be sure to contact us. You and your private banker will look together for the best options for you, your family and your business.