Succession planning enables owner-operators to plan and manage the ownership of their business, and balance business and personal commitments. Succession planning often forces owner-operators to address the following questions:

• Who can / should take greater responsibility for the operations as I step back?
• What are my options to realise some of the wealth we have created?
• Am I happy with less involvement in the business, either as a passive investor or minority shareholder?
• If I sell, what do I need to do and who do we deal with?
• How can I maximise our business value if I decide to sell?

The Accounting and Advisory team helps you answer these questions, as well as downscale your involvement in the business. As independent and objective advisers, our team can help you manage the process and align personal business and family considerations. We also offer advice on sale options, re-structuring and any taxation implications.