Business Succession
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We all hope for an accumulation of wealth after a lifetime of hard work and diligent saving. Your wealth is tied up in your business, and you need to protect this valuable asset.
Have you considered who will assume control of your business in the event of your death or disability?
How will your successor pay for your share in the business on death or disability? Who do you want to follow in your footsteps?
What is a business succession plan:
- A succession plan answers these important questions, and more importantly, provides actions which will deliver the certainty of outcome you require
- A succession plan increases the chance of survival of your business when you choose to leave on a voluntary basis, or your involvement is sadly terminated by death, illness or injury.
Unfortunately, failure to address these issues can lead to loss of value, litigation involving your family members and business partners, and in extreme cases the ultimate destruction of your business.
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Your Business Succession Plan should be implemented well before you plan to exit.
How can Nexia Help?
The central theme of a succession plan is to ensure that when your involvement in the business ceases for any reason, you and your family receive value for the business that you have worked so hard to nurture over all these years. We will work with you to ensure this process is as easy as possible and get the best solution for your personal wealth needs.
At Nexia we not only have the expertise of our Financial Advisers, but can consult with our Business Advisory and Tax teams to make sure you have peace of mind when exiting your business.
Our Specialist Advisers
Craig Wilford
Partner
Sylvia Liang
Partner
Christine Atencia
Senior Financial Adviser
Interested in talking to us?
Get in touch below for a free initial consultation with a Nexia Financial Adviser to discuss your cash flow situation and start planning for your financial goals today.
