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Your investment, your choice
No one is as passionate about your business as you are. As a business owner you have invested time, money and energy into building something that will hopefully continue to thrive long after you decide to leave.
But to secure the future of your business you will need to do some planning. At Rogerson Kenny Business Accountants, our experienced team of accountants boast a long history of assisting clients, like you, in Melbourne and around Australia with developing secure, long-term plans for their businesses.
Selling or keeping in the family?
There are two basic options to consider when making a succession plan - do you wish for your business to stay in the family or are you ready to sell?
If you plan to transfer your business to a family member you'll need to consider the legal obligations as well as the impact it might have on family relationships. With a father/son duo on the board of directors at Rogerson Kenny Business Accountants we have first hand experience that we are more than happy to share with you.
If you prefer to sell (or would like to bring in a business partner) you will need to plan for things like drafting legally binding buy-sell agreements and decide how to time your sale to maximise profit. You will also need to consider tax implications on selling and investigate any concessions that may be available.
You'll also need to ask yourself questions like: What will happen to my staff? How much income do I need to leave the business? What will my legacy be?
Take control over your business' future today
Preparing to exit your business can be a tough process, both practically and emotionally. We're here to support you through the process and offer you the best advice for your specific situation.
You've worked hard to get your business to where it is today. Don't leave its future up to chance.
Contact us today to see how we can help you ensure your business lives on long after you retire.