Corporate succession is like career or leadership succession planning. There are a lot of questions and maybe some inconsistencies. It is the established company, the task of handing the role into good hands. The handover must also work without discomfort. It is important for the takeover to perceive the new role, to be able and willing to do so. This can lead to misunderstandings and difficulties at one point or another.
I will mainly accompany you on the human and organizational factors. There are other specialists for legal and financial matters.
When planning a succession, it is important to ensure that we are talking about a change. And changes usually affect many aspects, for example in cooperation, that we should not ignore. A person goes and a person comes. New faces, new people, new behaviors and leadership styles. All of this can contribute to success or failure. Good planning is therefore a prerequisite for success!