A succession plan for a business is akin to a Will for a business. It sets out how the business will continue to operate in the event of a business owner’s death or incapacity. In particular, a business succession plan will ensure that the right people are appointed to immediately take over the business and continue its operation in the event that the owner is unable to.
Business succession plans are often overlooked but it is critical that a business owner’s personal estate plan aligns with their business succession plan to limit disputes, deadlocks and to ensure that one plan does not undermine the other.
Combining expertise in Wills and estate planning, estate administration, business law and taxation, we work alongside our clients’ and their advisors to advise on and implement tailored business succession plans to ensure the continued operation of their businesses in the event of death and incapacity.
We work closely with our clients and their advisors to prepare, review and advise upon:
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PO Box 569, Port Macquarie NSW 2444
PORT MACQUARIE
Level 1, 2 Horton Street, Port Macquarie NSW 2444
02 6583 4312