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Business succession planning

Running a business can be a rewarding experience. Retirement, dissatisfaction, illness, injury or death can mean that business ownership must be transferred. Business succession planning is how you deal with these events to reduce impact and cost.

Osborne Park Running Your BusinessBusiness succession planning strategies may include:

  • winding up
  • transfer to the next generation
  • sale on market
  • sale to other co-owners
  • transfer to co-owners under a buy-sell agreement.

We can work with you on succession planning options.

Working with your professional advisers

We work with your other professionals to help you achieve a satisfactory outcome.

Our role (lawyer) ·         Advise on structure

·         Draft the sale agreement

·         Draft the buy-sell agreement

Accountant ·         Value the business

·         Advise on tax

Finance broker ·         Sources loan for purchase/payout
Financial planner ·         Sources life insurance to fund payout
Contact us to find out more or to arrange an appointment.

 

To find out more about buying or selling a business see our page Buying or Selling a Business.

If you are a financial planner see our page selling your financial planning business.

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  • Suite 3, 80 Walters Drive
    Osborne Park WA 6017
  • 08 9388 2533
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