Business succession planning

Business succession planning is where you have operated a business and wish to hand over to someone else to carry on the business tradition. This is invariably younger family members and needs to be structured and planned so that the business can survive.

Often the new operators will have a different philsophy to the original operators and therefore there is a “”phase in, phase out”" period involved.

There are also a number of tax implications as often there is a restructuring that occurs at this time, as the original owner operator needs some financial reward for their efforts in building the business to where it is.

Call us now on 03 9832 0900 to book your free, no obligation 30 minute consultation to discuss the ways in which your succession exercise can be handled.