China’s falling fertility rates are impacting every level of society, including those at the upper income brackets. These families have the added pressure of creating heirs to take over the family business. IMA ART luxury fertility & surrogacy agency has assembled teams of professionals to help with succession
Recently reported by EY Greater China, "succession planning is a challenge for any family business. In China, there are also cultural implications to manage. Family businesses are an important part of China’s recent economic history. As of 2017, altogether they were contributing 60% of the country’s GDP and employing 80% of the workforce1. Not only is their role significant in the economy, so are their stories. China’s family business landscape is replete with tales of entrepreneurs from humble backgrounds riding the trends that have driven the country’s growth to date – manufacturing, urbanization, the rise of the middle class, and so on. The question now is how the founders of these firms will pass them on to the next generation. Indeed, for many this will be their first experience of succession planning given the relatively short history of family business in China.”
EY’s article states, “Preparing the next generation to take over the family business is essential for effective succession planning. Training should ideally begin early and involve an in-depth orientation about the nature and dynamics of the firm they are set to inherit. It is also important to instill a sense of stewardship, as the next generation will be managing more than the business; they will be responsible for preserving and advancing the legacy of their family“.
How can IMA ART Fertility help family succession planning?
Beverly Hills based IMA ART Fertility takes succession planning to a whole new level of advance preparation. With Michelle Tang, the firm’s ethnic Chinese CEO and Co-Founder at the helm, IMA ART Fertility is uniquely positioned to offer Chinese couples and singles discreet fertility advisory services from egg freezing, to IVF, gender selection and legal surrogacy solutions in America.
The crowning luxury of an American surrogacy program is a much coveted U.S. passport and citizenship for the baby born in America. This further opens doors to the parents who may want to domicile themselves in the U.S.
In China there are strict controls as to who can and cannot seek assisted reproductive technology at one of the many fertility clinics around the country. For example, single men and single women and LGBTQ couples are unable to pursue their dreams of parenthood. And surrogacy is strictly forbidden. Under California State Laws, any single person and LGBT couple is permitted to create their family, and their rights are legally protected.
Who is IMA ART luxury fertility & surrogacy agency?
For foreigners arriving in the U.S. for fertility treatments and surrogacy, the medical and legal landscape can be complex and intimidating - even for visitors who speak English. Michelle Tang and fellow Co-Founder Ron Sonnenberg, have worked hard to curate teams of medical, legal and psychological professionals. IMA ART’s Co-Founders organize and manage every step of the journey, to alleviate the stress of pursuing parenthood in America.
Although IMA ART’s luxury fertility & surrogacy agency program does not solve an immediate problem of succession, it offers intended parents - with foresight - an avenue to resolve succession 20-30 years later.
How can I contact IMA ART Fertility?
IMA ART Co-Founders Michelle and Ron are at The PuXuan Hotel & Spa Beijing this month, meeting with high-net-worth families (by appointment only) facing succession planning challenges.
Réserve to speak with us.
