Planning
For Business Owners
Services
For Business
Wealth Extraction
Many business owners find themselves financially propping up their business by directly injecting funds through private loans or more indirectly, by denying yourself regular wages or foregoing superannuation contributions. You may also be among those who believe it will all even out when you eventually sell the business. Unfortunately, many business owners struggle to find a purchaser for their business, and when they do, offers are often well below their sale price expectations. Without a plan you may be left with less than favourable options including working longer than you have planned or accepting a retirement lifestyle of a lesser standard.
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Services
For Business
Succession Planning
Exiting your business to retire or pursue other opportunities involves important planning that affects both your business and personal affairs. A well-considered, and timely, succession plan aims to realise the full value of your business which in turn provides choice to pursue other endeavours or retire to a life of choice.For family owned business, succession can be particularly emotive, however all parties involved in succession planning will required informed and sensitive discussions that address wide ranging issues including tax, financial and legal matters relating to how the business ownership will pass to the next owner or next generation. Your journey to succession will take time, often many years. The earlier you consider your business exit, more options and strategies will be available for you to consider.Building value in your business, extracting wealth, financing new ownership, restructuring loans and protecting the business and yourself from unexpected setbacks, such as a bad debt or illness, are among the many and often complex matters that require careful consideration and importantly, professional advice.
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