What is a Business Succession Agreement?
April 21, 2016
Planning for the day you or a partner leaves your business is a valuable investment. Whether you or a partner decide to sell up, retire or have to get out of business due to health reasons, it’s important that you spend the time with your business partners and/or your families to plan the best possible outcome
Nobody likes to think about it, but it’s inevitable that one day you or a partner will leave your business. A business continuity or exit plan outlines who will take over your business when you or a partner leaves.
A good succession agreement will help your business transition smoothly to the new owner. By planning yours or a partner’s exit early, you can maximise the value of your business and help it to meet future needs.
For a complimentary one hour consultation please contact Michelle Roberts at BCV Financial Solutions
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Michelle Roberts is an Authorised Representative of Australian Unity Personal Financial Services Limited (AUFP) ABN 26 098 725 145, AFSL 234459. This is general advice only and does not take into account your personal objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice in light of your own circumstances. Past performance in not indicative of future performance.