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Business Succession Planning

Funding the Purchase Price under a Business Succession Plan

Introduction to Business Succession Planning What is a Buy/Sell Option Agreement? Why do I need a Buy/Sell Option Agreement? What is a Shareholders' Agreement? Why do I need a Shareholders' Agreement (Partnership Agreement)? How We Help Funding the Purch...

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Cross Ownership of Insurance

Introduction to Business Succession Planning What is a Buy/Sell Option Agreement? Why do I need a Buy/Sell Option Agreement? What is a Shareholders' Agreement? Why do I need a Shareholders' Agreement (Parntership Agreement)? Funding the Purchase Price under...

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Business Explodes from Within

Early in my career I had a client whose husband was a partner in a successful local business and who had recently suffered a stroke. He would never be able to work again. The business was worth about $1,300,000.00 but it relied heavily on the skill of the now disabled partner to thrive.

The wife had approached the other owner to try to g...

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Trust Owned Insurance Agreements

Introduction to Business Succession Planning What is a Buy/Sell Option Agreement? Why do I need a Buy/Sell Option Agreement? What is a Shareholders' Agreement? Why do I need a Shareholders' Agreement (Partnership Agreement)? Funding the Purchase Price un...

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Business Succession Planning

 
   

When your business ends you want success and not stress! If you co-own a business, have you thought about the many ways the business could end? Imagine if you or one of your co-owners died, got ill or were injured and could no longer work. 

Having a succession plan in place ensures you know what would happen in these situations. Plans are needed to ensure that you would be able to buy the other co-owner out of the business or get market value for your share of the business if something happened to you. Such planning will allow you to avoid a costly future dispute. 

Future proof your business

For a no obligation phone evaluation 

Call Now 02 - 4952 3901

 

Business Sucession Planning... Here are the answers you are looking for.

 

 

 

How We Help

 

Roberts Legal offers a comprehensive Business Succession Planning services which complements our Modern Estate Planning and Business Risk Assessment for business owners. Our experienced Commercial and Estate Planning Lawyers assist co-owners of businesses to make and implement plans and agreements appropriate for their Business Succession Planning needs.

Often businesses evolve without much planning. Most people don't bother to think about what they would do if their business co-owner got ill or injured and was forced to retire let alone what would happen to the business if the partner died or they got in a dispute. Without proper planning a co-owner may find themselves in business with a former co-owner's executor, attorney, spouse, or other beneficiary and without any ability to buy out their share of the business.

Problems associated with co-owners suffering an untimely death or injury as well as disputes between co-owners, all of which often lead to the financial ruin of the business, can be managed by the consideration and implementation of a suitable Business Succession Plan. Business Succession Planning generally covers:

   

 

What are you risking?

 

The purpose of Business Succession Planning is to protect the value of your interest in your business for you and your family. If you are not sure of the value of your business use the Business Valuation Calculator to generate a free Indicative Business Valuation & Report.

You will need approximately 10 minutes and you business' last three (3) year's Profit & Loss Statements.

     

Our Business Succession Planning Lawyers

 

Sam Roberts

Accredited Specialist (Commercial Litigation)

Matthew Bryan

Special Counsel

Anna Roberts

Senior Associate Solicitor

Amanda Crosbie

Associate Solicitor

Rebecca Wosman

Solicitor

 

 

   

Call now to speak to one of our Business Succession Planning Lawyers

02 4952 3901

 

CONTACT US ON 02 4952 3901

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