Business Succession arrangements

 a planning opportunity for collaboration between your financial planner, your accountant and your lawyer Formulating Business Succession arrangements is an important process that should be undertaken by all business operators – whether the business operates as a sole trader, partnership, trust or a limited liability company. In a nutshell, business succession planning provides a strategy: it documents what is to happen in the event that the owners of the business [...]

By |2020-09-24T21:07:05+10:00May 10, 2018|Estate Planning, Wealth Management|0 Comments

Business Succession strategies

Business Succession strategies give peace of mind A recent report conducted cooperatively by the major accounting firm KPMG with Family Business Australia, reveals that there is a high degree of satisfaction experienced by most small (family) business owners, it also identified that the absence of adequate business succession strategies is a source of concern. The report also identified a number of business strengths. A major threat to the longevity and success [...]

By |2020-08-12T20:33:16+10:00November 15, 2013|Wealth Management|0 Comments

Financial Year end checklist 2013

The financial year end checklist 2013 contains tax-effective strategies that may be effective for you - depending on your personal financial and taxation circumstances. Employees, professionals, contractors or self-employed business operators (carrying on business under a structure) may benefit from them, but you should confirm any proposed course of action with your accountant, tax agent or financial planner before acting on them. As the financial year draws to a close [...]

By |2021-05-26T20:17:08+10:00June 20, 2013|General|0 Comments

Business Succession Funding benefits survivors

...benefits of funding Buy-Sell Agreements Business succession funding secures the financial certainty of the parties who are dependant on your interest in a business. In other articles written we have challenged readers about the financial well-being of their family and loved ones if they are unexpectedly deprived of their continuing earning capacity (either because of being rendered permanently disabled, or even more extremely, dying). The other stakeholders in your business are [...]

By |2017-07-31T15:43:16+10:00November 26, 2012|Estate Planning|0 Comments

Nomination of Beneficiaries

The nomination of beneficiaries (the person/s to receive the benefits arising from an event or transaction) is an action we are called upon to consider in a variety of situations in life. One of the many important elements of prudent wealth management is to have your ‘succession plans’ well documented and understood. In a personal situation, this entails the adoption of a well-structured Estate Plan. An Estate Plan encompasses a [...]

By |2018-01-09T20:25:46+10:00July 11, 2012|Estate Planning, Wealth Management|0 Comments
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