MGI Sydney

Succession Planning

As family business owners start to plan their retirement and how they will exit their business, it is critical that the business puts in place a well considered & structured Succession Plan that will help to enhance the value of the business.

An effective Succession Plan considers a range of matters such as:

  • Options relating to the transfer of management
  • Options relating to the transfer of ownership
  • The degree to which the next generation will be involved in the business
  • Overall transition plans & timeframes to ensure minimal disruption to the business.
  • Wealth preservation to ensure the continuity of the business.

Where it is likely that a business will remain family owned, we can help you develop a Family Business Constitution to outline how the business is to be managed, the process for family members wishing to enter & exit the business, how equity can be transferred and guidelines for issue resolution.

Free Business Consultation

Did you realise that the way your business is structured could mean you're paying too much tax?

Register here for a free one hour consultation to discuss the best structure for your business.

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