A clear succession strategy now means a stress-free future
A strategic business succession plan will not only give you peace of mind, it will prevent a huge amount of heartache down the track. A good succession plan can save you money but more importantly, it might just save your business.
When a business partnership is created it can be hard to imagine it will ever fall apart. But it happens and if things get messy between partners, families and other stakeholders it can result in broken relationships, expensive legal fees, disruption to the business and severely diminished returns.
But it doesn’t have to end that way.
With our succession planning consultants, you can plan ahead to create a clear, straightforward and legally binding succession plan that you can follow when your business ownership changes in anyway.
We will ensure you have strong agreements in place, be that a partnership agreement, a shareholder agreement or a unit holders’ agreement.
We will provide you with expert succession advice and develop succession strategies that will cover such instances as:
- Selling your business to a third party
- Passing on your business to a family member
- Establishing a buy-sell agreement with your partner
- Creating strong shareholder agreements to protect you in deadlocks and mediation.
And many other scenarios that you might think could never happen….
When it comes to the legalities of your business succession plan, we can refer you to a lawyer from our trusted alliance network, or we can liaise with lawyers you nominate.
Contact us today to book an appointment with a business succession planning specialist – our place or yours!