Planning for the transfer of ownership and control of business assets is essential for their protection and preservation. As well as planning for retirement or the sale of a business, owners need to also address the unexpected – illness, incapacity, or death.
Having a formal succession plan (exit plan) will help
- maximise the return on your investment;
- minimise business disruption; and
- ensure smooth transfer of ownership/control.
Preston Law helps business owners and primary producers navigate the complex legal, financial and management issues that can arise. We work closely with financial advisers, accountants, and other stakeholders to ensure our clients have a sound strategy in place.
Our lawyers advise and support clients on all aspects of business succession planning, including:
- business valuation
- business structuring
- asset protection and tax planning
- shareholders agreements
- business risk management
- buy/sell agreements
- share sale agreements and options.
We act for business owners on succession planning and asset structuring, including drafting business succession plans, shareholder agreements, partnership agreements, and all forms of trust deeds.
We support primary producers with advice and legal support regarding business structuring for current lifetime redistributions of primary production assets, including advice regarding primary production family business concessions.
We also provide personal succession planning services.
Contact us to discuss your business succession planning needs.