As a business owner, you work long and hard to support your family to provide them with a comfortable lifestyle.
As they approach retirement many business owners soon discover that they are unable to stop work and enjoy the fruits of their labour because they are financially dependent on the income that their business produces.
Ensure you plan ahead
If you own or partly own your business, then it is likely you'll need business succession planning advice. Whether you are looking to transfer your interest in the business because you're selling it and retiring, or handing the management to the next generation, it's important to fully understand all your options and make the most of the taxation concessions that are available. If your arrangements are not structured correctly, then you could very easily end up paying more in tax than you need to.
How we can help you
To be effective, succession planning needs to start early and take into account the needs of your business and the next generation. So, why not take the worry out of planning your business succession. Contact us today and let's discuss how we can help you.
* Succession planning services are provided by Shadforth Business Advisory Services Pty Ltd ABN 83 129 726 941 Victoria Licence No 070393L and REIV Member