BUSINESS SUCCESSION

What is Business Succession Planning?

 

What is your business worth? Have you considered what would result if you or a co-owner of your business was unable to continue in the business? This issue is often overlooked by business owners, yet it occurs in over 40% of businesses with four or more co-owners.

The types of issues to be considered by business owners can seem daunting and include:

  1. Arriving at a suitable valuation for the business and ensuring all parties are aware of and comfortable with the valuation method
  2. Ensuring there are adequate funds for the purchase of the outgoing/deceased owner’s share by the remaining owners – perhaps through insurance
  3. Dealing with the results of any shortfalls of funding.

These matters are able to be solved with careful consideration. At Small Myers Hughes, we pool our specialised knowledge in this area with that of other experienced practitioners in the areas of financial planning, accounting and insurance, to ensure our clients not only receive the right advice, but are also comfortable with the process and fully aware of all of the issues.

GET IN TOUCH

Tel:          +61 7 5552 6666

Fax:         +61 7 5528 0955

Office:      Level 2, 17 Welch Street, Southport Qld 4215

Postal:      PO Box 1876, Southport QLD 4215

 

OFFICE HOURS

Open:        8:30am – 5:00pm Monday to Friday

contact small myers hughes

Categories

How Can We Help You?

 

Email or Call Us Today To Set Up An Appointment

+61 7 5552 6666