succession planning

Succession Planning

Succession planning is an important consideration for every business owner. You might choose to retire, travel overseas or simply take a step back from day-to-day business operations. Whatever you have in mind, you need to consider who will take over in your absence, and if you don’t already have a successor in mind, you’ll need to find one.

Up-To-Date Accounting Services can help you consider a range of succession issues including:

  • Preparing your business for sale by systemising your operations and optimising your cash flow and profits;
  • Maximising the sale price of your business;
  • Finding the right buyer for your business;
  • Facilitating a smooth transition for your customers or clients; and
  • The transfer of asset ownership in a tax-effective way.

If you’ve been in business for a while, you should consider what your exist strategy would or could be in the event that you need one. We’d love to help you work it out.