Succession Planning in Australia by Accru Business Advisors
Announcement posted by Accru Chartered Accountants 05 Dec 2011
Accru Chartered accountants & business advisers can help you with the aspects of succession planning you need to address to hand the reins of your business over or extract its full value on sale.
Handing over an entire business empire to someone with less experience is always a daunting task. Something that you’ve poured so much time and energy into is hard to give up. You need to be assured that your successor will operate the business with the same passion and profitability as you once did. Whether your successor is a family member, a subordinate or someone outside of the organisation entirely, you want to achieve the best possible outcome.
Accru Chartered accountants & business advisers can help you with the aspects of succession planning you need to address to hand the reins of your business over or extract its full value on sale. They are experienced in devising strategies for financial management, maximising capital value, improving business saleability, transitioning management teams, wealth protection and more. They can also help you identify employees who have leadership potential. If your exit strategy involves selling your business, at Accru they can assist you to reduce transaction costs and keep taxes to a minimum when the time comes.
While it isn’t impossible to handle succession planning yourself, professional advisers have specialist knowledge in this field. At Accru they will save you time, ensure a smooth transition and maximize value for all involved. By the time the transition occurs, the next generation of owners, operators and administrators will have adequate resources to keep the organisation moving forward.
Accru Chartered accountants can assist your lawyer to prepare a will as part of an estate or succession plan. They can help identify and pre-empt problems to avoid potential disputes about the control of your business or assets, advise on how to achieve the best tax outcomes, and establish trusts or other structures to ensure your wealth goes to the people you choose.
It is vital for business owners to create a plan for the future to ensure that your successor and his/her team will continue to expand your legacy. A succession plan can save you from needless stress, knowing that your family’s future is secure, and your retirement will be fulfilling and free of financial worry. It’s never too early to start. Contact your local Accru chartered accountant to discuss your options today.
Accru Chartered accountants & business advisers can help you with the aspects of succession planning you need to address to hand the reins of your business over or extract its full value on sale. They are experienced in devising strategies for financial management, maximising capital value, improving business saleability, transitioning management teams, wealth protection and more. They can also help you identify employees who have leadership potential. If your exit strategy involves selling your business, at Accru they can assist you to reduce transaction costs and keep taxes to a minimum when the time comes.
While it isn’t impossible to handle succession planning yourself, professional advisers have specialist knowledge in this field. At Accru they will save you time, ensure a smooth transition and maximize value for all involved. By the time the transition occurs, the next generation of owners, operators and administrators will have adequate resources to keep the organisation moving forward.
Accru Chartered accountants can assist your lawyer to prepare a will as part of an estate or succession plan. They can help identify and pre-empt problems to avoid potential disputes about the control of your business or assets, advise on how to achieve the best tax outcomes, and establish trusts or other structures to ensure your wealth goes to the people you choose.
It is vital for business owners to create a plan for the future to ensure that your successor and his/her team will continue to expand your legacy. A succession plan can save you from needless stress, knowing that your family’s future is secure, and your retirement will be fulfilling and free of financial worry. It’s never too early to start. Contact your local Accru chartered accountant to discuss your options today.