Succession Planning Services
Getting your business and Finances in the best possible order is a significant part of a succession plan. Unfortunately, a lot of business owners do not plan for an exit or succession and just hope for the best.
Succession planning protects your legacy while also ensuring you leave the business you worked so hard to build in the best financial position possible.
It also means you can leave the business knowing you did everything you could to help it – and the team you helped build – flourish going into the future.
Backed by years of experience, the team of succession planning consultants at Everest Tax & Property can help business owners overcome common and complex challenges associated with business succession planning.
Our succession planning advisors work hard to understand your family and the dynamic of your business before talking to you about your plan.
By preparing for planned and unplanned exits, you can stress less about your personal future and your ultimate exit.
Tailored made to suit your personal needs, at Everest we understand your family and dynamic of your business, then talk to you about your plan.
Family Business Succession Planning Services
Family Business Succession
Transition your business to the next generation with no gaps in knowledge and a consistent vision with our family business succession planning services.
Business Valuations
What is your business really worth? Our succession planning consultants will determine an estimate of your business’s market value and provide you with strategies to increase this value.
Business Exit Strategy
Everest Tax & Property can help you prepare for both a planned and unplanned exit from your business with a business exit strategy that will minimise risk, maximise value and streamline the process.
Estate Planning
Get the legal documents you need to protect your legacy in place and ensure your business is protected if you fall ill or get injured.
Tax Planning & Minimisation
Planning ahead for your capital gains tax can help you effectively minimise your tax obligations to only what you must legally pay.
Exit Structuring
Our experienced succession planning advisors help you determine whether a sale (whether outright, partial or vendor financed), merger or alternative exit structure is your best option.
Succession Planning
Being financially prepared for your retirement is one thing, but being ready to transition your business to a new owner is another. Be ready for both with the help of our succession planning consultants.
Strategic Planning
Gather the information and data you need to plan for the short and long term so you can accurately assess when it’s the right time to exit.
The future of your business
Effective business succession planning requires a 3 to 5-year outlook. Far from a short-term transaction, it involves a long-term conversation around future goals, implications and potential opportunities to ensure your business is ready for the transition when the time comes. Whether the journey for your business involves maximising its current potential, extracting value for the owners or developing future leaders, it is important to properly plan and provide for these outcomes well in advance.
If you are a business owner or operating a family business, your business asset often forms a significant portion of your wealth. A well-considered succession plan is crucial for ensuring that value is delivered to the right people, tax implications are managed, the business legacy is realised and long-term leadership health is maintained.
Succession planning is also an important conversation in the context of wider family circumstances. That’s why Everest Tax & Property also offers wealth transition and succession planning for families.
In some cases, the business successor may already be known. However, a large segment of middle market businesses in Australia is owned by persons who are on or nearing retirement age and have no clear successor or plan in place. When established early, a steady and progressively managed transition will provide certainty and assurance to you and to future generations in an environment of continued growth and compounded wealth.
Contact Everest Tax & Property Today
The succession planning advisors at Everest Tax & Property can help you implement a succession plan and business exit strategy that’s tailored to you, your family and your business. Call us today on (03) 9467 3844 or contact us online to book an appointment.