Business Succession Planning
Determining how, and under what circumstances, a business partner is going to exit the business and how the remaining partners are going to pay for the transfer of equity (Business Succession Planning) is just as important as the business planning process itself.
Those who are serious about protecting their businesses ensure that they have in place an up-to-date legally binding buy/sell agreement with funding provided for death, trauma, and total and permanent disablement.
Obviously the process involved is extremely complex and can be quite arduous when you take into consideration the important steps of obtaining business valuations, calculating potential capital gains tax liabilities, and deciding how to address difficult issues such as default and divorce.
Our experienced team will take the weight off your shoulders and will act as a conduit between your business, your accountant and the solicitor to ensure that your Succession Plan is tailored to suit your specific requirements.
Contact us or request an appointment for more information on formulating a plan that allows for a smooth continuation of your business.