We talk a lot about business success, but what about business succession?
You thought long and hard before starting our business, but have you thought about what you will do when it's time to leave it behind? Who's going to manage the business when you are not there? How will ownership be transferred? Will your business even carry on or will you sell it?
Fewer than half of Australian small business owners have plans to capitalise on the value they have built up in their businesses, when it comes time to walk away.
Successful business succession demands a planned approach for you to exit your business in an effective and profitable way that protects you the owner, your family, employees and the business itself. It's a commonsense process that addresses all of the issues that can maximise value in a sales transaction, ensure a smooth transition in an employee transfer situation and provide the necessary stopgaps for transition in a family business.
Charter Partners can provide expert guidance to cover all contingencies, assist you to manage any unforseen risks that could compromise your business value, avoid costly disputes, and help you exit your business with the outcome you really want.
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