As a business owner, the majority (if not all) of your wealth will generally be tied up in the business. At the time of retirement, you therefore want to maximise the sale value of your business. However, to achieve this, you need to start planning for your exit strategy as soon as possible; in other words, you need a plan.
Each business succession plan is unique. The plan will vary depending on your personal objectives and family situation, your financial position, etc.
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We can tie your business succession plan into your retirement planning to help you achieve the best possible outcome (e.g. minimising tax).
With the assistance of specialist experts, we can help you establish agreements with potential successors (family, staff, etc.).
We also cover the unexpected (death, disability of the business owner) to ensure the estate value of the business is maximised and the ownership and control of the business is transferred into the desired ‘hands’. |