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Succession and Exit Planning

With our extensive knowledge of owner managed businesses, we will take a range of factors in to consideration to develop a successful succession plan based on your individual circumstances.

One of the most important factors to consider in succession an exit planning is timing, and most importantly choosing the most appropriate time to leave the business for both you and the business itself.

With our extensive knowledge of owner managed businesses, we will take a range of factors in to consideration to develop a successful succession plan based on your individual circumstances.

We recognise that succession and exit planning cannot be taken lightly, and consideration must be given to:

  • Your financial needs and how long you wish to remain involved in the business;
  • Your successors and whether they are family members or otherwise;
  • Other shareholders and employees who have no part in the succession plan itself, but will be affected by the changes;
  • The business itself – will the business lose value with your departure, or will your customers remain loyal to the business.
  • The timing and taxation factors to assist in maximising the opportunity of any exit and to help with a practical plan for exit.

The experts at Burgess Hodgson would use their knowledge and experience to develop the best succession plan for you, based on the objectives of you and your business; whether you are planning on keeping the business within your family, selling the business to employees or outsiders, or even if you choosing to wind up or liquidate the business.