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Succession Planning

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Succession Planning

Succession refers to the transfer of the ownership and/or management of a business.

Ownership succession focuses on who will own the business, when and how that will happen.

Management succession focuses on who will run the business, what changes will occur and when the new manager will be accountable for the results.

Ensure that you are aware of all alternatives and the benefits of each before deciding on your exit strategy.

By not having a succession plan in place, there is potential for many things to go wrong.

For example, you may be looking to retire in 5 years time. By thinking about succession now, you will get a feel for what your business might be worth and who it might be sold to. Better to be surprised now while you can do something about it!

Tax implications on transfer should also be thought through now increasing the chance of minimisation when the time comes.

Succession planning can also help avoid family conflict after you've departed.

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Accounting in Sydney is competitive, we know, but our ethos and business ethics are different. Talk to us today about arranging a free (that’s right, FREE) obligation free consultation to take the first step towards achieving your business goals.  

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What Our Clients Say

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Scolari Comerford is innovative when it comes to a holistic business point of view, not just compliance. They continually look for opportunities to improve our business for the long term. Scolari Comerford provides excellent customer service and I fully recommend them to other businesses.
TONI ALDERDICE, OWNER
Midwest Foods, Dubbo
Michael Kovacs, Founder and Director
I really enjoy working with the team at Scolari Comerford. They are always fast to respond and have made a big difference to my business.
Michael Kovacs, Founder and Director
Kachink Communications, Sydney
Kate Hurst
What I value most about Scolari Comerford is their integrity, I value dealing with people who are honest. I also value their personal interest with us over the years and how prompt they are to attend to all of our needs.
Kate Hurst
Dennis Hurst Radiators & Exhaust, Nyngan
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