In addition to the emotional component, it is also economically important that your succession is regulated: Once a company ceases operations, knowledge, jobs and tax revenues are lost. Over the next four years, the next generation will take the helm in 13.1 percent of all Swiss companies. According to the Bisnode D&B business information service, this will affect half a million employees in these companies.
The experts in the Federal Government’s SME portal, therefore, advise entrepreneurs to think about their retirement as soon as they reach the age of 50. It is not only your succession that will be regulated; the head of the company should also deal early on with the financial and fiscal consequences of a corporate transfer, as well as the professional and personal pensions (second and third pillar).