Business Succession Planning
Business succession planning ensures the continued success of your business – well into the future. It defines who will take over the business, and when and how that will happen.
Our lawyers have specialist expertise in all areas of business succession planning, including wills, estates, succession planning, taxation and structuring. Leading the team is principal lawyer Nathan Yii, Chartered Tax Advisor and Trusts and Estates Practitioner, recognised by his peers in Doyle’s Guide as a leading Wills, Estates & Succession Planning Lawyer and Litigation Lawyer.
Security for your business (and family)
What will happen to your business when you retire? Or if something happens to you? Or your business partner?
A well thought-out business succession plan, helps you answer these questions, avoid disputes and ensure the continuity of your business. The issues can be complex, however our experienced lawyers will work alongside you and your advisors to create and implement a resilient business succession plan.
“Nathan Yii Lawyers put together a blueprint for the business if one of us became sick or was unable to work. We wouldn’t want to leave a mess behind for the other business owners – it wouldn’t be fair”
Areas of expertise
We advise on and implement business succession plans dealing with a range of issues, including:
Decision-making relating to day to day business and investment decisions
Exit provisions, including the use of insurance funded buy/sell mechanisms (to cover death or permanent incapacity)
Key review points and when certain events must happen
Entry provisions (to cover the event that a third party wishes to contribute equity to the business or investment)
Division of business or investment profits
Restraint of trade and confidentiality
Dispute resolution mechanisms.