Business Succession planning critical

Why business succession planning? Business Succession Planning is an important way to provide peace of mind and the comfort of financial independence to the family, partners and business stakeholders of the entrepreneur in control of the business. It ensures that there is an orderly process prescribed for ownership/ governance succession that provides for it to continue following the departure of (one of) the current owner(s). At its simplest, business succession is the act [...]

Partnership Shareholder Agreements

Why have partnership/ shareholder agreements? Partnership/ shareholder agreements provide a level of comfort and confidence to co-owners; and to other stakeholders in a business. When businesses are being established, owners usually undertake extensive research and due diligence processes to satisfy themselves that the investment (of time, energy, emotion and finances) is going to achieve nominated outcomes. This is all part of business planning: it can be argued that the agreements reached in [...]

By |2019-04-09T12:12:58+10:00January 14, 2010|Estate Planning, Wealth Management|0 Comments

Business Succession

What do we mean by 'business succession'? Succession is the passing of something from the current holder to the next holder: you might think of it as a baton in a relay race. Sometimes succession happens in an orderly, planned way – and on other occasions, it is thrust upon us. Business Succession is no different: we can plan for it; or we can wait for events to catch up [...]

By |2018-09-26T11:44:03+10:00January 13, 2010|Estate Planning, Wealth Management|0 Comments
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