Azure Group has a wealth of experience helping businesses with succession planning. We place a team in your business to work closely with you to ensure you achieve desired outcomes.
Business owners contemplating exiting their business need to put in place adequate succession plans in order to achieve their financial objectives.
Succession plans may involve selling to a third party, internal succession, merging with another business or listing on a stock exchange. However, no matter what type of succession, in order to achieve a great result it is essential you don’t leave decision making and preparation to the last minute.
Succession planning can be a complex undertaking. It can include strategies to maximise the value of the business, make the business more attractive to potential buyers and also manage any taxation and compliance implications. Through our holistic service offering we are able to consider every facet of the succession plan including:
Building your business to point of exit including negotiating the deal and supporting the overall sales process through a Virtual CFO
Ensuring you are structured appropriately to take advantage of the exit with our Taxation Consultants
Estate planning and life planning strategies beyond the exit with Azure Group Wealth
How we help prepare you for succession
We will work with you to develop and implement financial strategies to prepare the business for your exit. This includes:
Improving profitability as well as financial and strategic value of the business
De-risk the business
Prepare the business for hand over, including improving internal systems
Business Structuring
Your business structure should be a major consideration. We are able to advise on the most effective structure to suit your succession plans, taking into consideration your future needs, including those you have not yet contemplated.
Tax Considerations
Our tax team are experienced in understanding issues around such things as capital gains tax (CGT), as well as taking advantage of any relevant tax concessions the business may be eligible for prior to considering a sale.
Business Valuations
No matter how you choose to exit your business, you will need to undertake a Business Valuation. We will work with you to calculate a realistic, market-based valuation.
Negotiations & Due Diligence
Negotiations can be time consuming and complicated. To ensure you get the best out or the negotiation process we can act as the company representative with prospective buyers as well as undertake the necessary due diligence required for the transaction.
Wealth & Estate Planning
What happens to life after the exit? Speak to one of our experienced Financial Planning Experts who can implement strategies that help you protect your wealth and continue to make money beyond the sale.
