Many business owners are guilty of being caught up in the day to day operations of their business and don’t effectively consider a plan for their eventual exit, whether it be planned or unplanned. Sadly (or happily) we can’t work forever, so having an effective succession plan in place for your business is extremely important.
To achieve a successful outcome it is critical to establish a well-designed succession plan, to enable a smooth transition to your successors, minimise the tax burden and provide funds for life’s next adventure.
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