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You want to develop your family business further, prepare for a transfer or establish clearer agreements with other shareholders. At the same time, your family’s ambitions also play a role. What does an investment mean for dividend distributions? What role will the next generation take on? And how do you take into account family members who do not work in the business?
RSM supports you with tax advice, accountancy, assurance, business consulting and mergers and acquisitions. We also facilitate discussions about collaboration, ownership and family wealth. This helps ensure that the business arrangements and the agreements within your family are aligned.
Our services for your family business
Growth, investments and changes to your business structure can affect your tax position. Our tax advisors discuss which options best suit your business and your personal circumstances. We can also support you with your tax returns.
Through estate planning, we help you prepare for gifting or passing on wealth. We consider your wishes, your financial position and how these relate to your will and prenuptial agreements. We also advise on the inheritance tax and gift tax implications.
Reliable financial information helps you make decisions and provide accountability, for example to family members who are shareholders but are not involved in the day-to-day running of the business.
Our accountancy and assurance specialists support you with financial statements, audits and financial reporting. We also advise on your financial administration and internal controls. Through IT Audit, we help identify digital risks and assess how these risks are managed.
As your family business grows, the needs of the organisation often change as well. Responsibilities may need to become clearer, processes may need to be adjusted or the strategy may need to be reviewed.
Our business consulting specialists support you with strategy, organisational development and process improvement. Sustainability, supply chain and international business may also form part of this.
An acquisition, merger or sale requires a clear understanding of the value of the business, the risks involved and the available financing options. The ambitions of the family also play an important role.
Our M&A specialists support you with valuations, due diligence, buy-side and sell-side advisory, tax structuring and financing advice.
Collaboration, ownership and wealth within the family
Family members often have several roles. You may, for example, be both a parent and a director, or a shareholder without working in the business. These different roles can lead to different expectations. Family history and past events can also influence how you work together and make decisions.
RSM helps your family discuss these expectations and make choices about collaboration and ownership. This includes accepting different perspectives, openly discussing ambitions and expectations, and exploring what ownership entails and which competencies may be important for owners. We connect what is happening within the family with the financial and tax implications for your business and family wealth.
Do the same discussions keep returning, or is succession or collaboration proving more difficult than expected? Together with your family, we explore which roles, patterns and past events are influencing the succession process or the way you work together. We facilitate discussions about what you need from one another and how decisions are made. Together, we translate the outcomes into practical agreements.
As the number of shareholders grows, it may become less clear who decides what and what family members expect from one another. We help your family define a shared direction and prepare future owners for their role. Through family governance, you can establish agreements on decision-making, governance structures, information sharing and the role of the family in relation to the business. A family charter can also provide a valuable framework.
You may want to preserve wealth for the future, while other family members prefer to invest or pursue their own plans. We help you discuss which decisions you want to make together and where there should be room for individual ambitions. We then advise on the structure and transfer of family wealth, including after the sale of your family business.
An approach tailored to your family business
We start with what you want to achieve and what is happening within your family. We consider the ambitions of those involved and the agreements already in place. Together, we determine which topics require attention and what expertise is needed.
Where appropriate, our family business advisors work alongside specialists in Tax, Assurance and Consulting. This allows us to align agreements on collaboration and ownership with the financial and tax implications. We clarify who has decision-making authority and which next steps are required. You and the other authorised parties remain responsible for making the decisions.
Preparing for unexpected events
What happens if you are suddenly unable to fulfil your role as a director? RSM can help you prepare a contingency plan setting out temporary authorities and access to essential business information. This gives your family and the relevant employees clarity on who can take over specific responsibilities.
Why do family businesses choose RSM?
Specialist in business succession and transfer
Understanding families, focus on continuity
International network, locally involved
Partner of Nyenrode Business University (RSM-Nyenrode Initiative)
Highest recognition by Consultancy.nl: Diamond level
Services Family Businesses
Review of book launch 'Transfer of ownership of family businesses'
More information
Please contact RSM's Family Businesses department with your questions about your family business
Frequently asked questions about family businesses
Transferring a business within a family requires thorough preparation. This includes considering gift or inheritance tax, utilizing exemptions, and tax-efficiently transferring shares or assets.
With a smart succession plan, you can reduce or even avoid inheritance tax. We take into account the Business Succession Scheme (BOR) and other tax reliefs.
A family charter establishes agreements on ownership, decision-making, and roles within the family business. It helps prevent conflicts and ensures continuity.
Yes, you can. We assist you in the tax and legal preparation of transferring the business to an external party, for example, if there is no successor within the family.
The value of your business depends on several factors, including profitability, growth potential and risk. A sound business valuation is essential when selling or transferring the business, or when new shareholders are joining. RSM can support you with an objective and realistic valuation.
Start with the ambitions of both the current and the next generation. Discuss who wants and is able to lead the business, who will become an owner and what role the current owner would like to retain. You can then assess how the transfer should be structured from a financial, tax and organisational perspective.
Yes. We support families in defining shared wealth objectives and advise on the structure and transfer of family wealth. Our family office services can also provide support with financial and practical matters.