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Business owners who are planning on exiting their business must have a succession plan in place in order to accomplish their financial and family goals. Corporate succession planning and exit strategy planning are something that should be started as early as possible. This could happen through in-house succession, either to management within the business or family, selling the business to a third party, merging the business with another business, or listing the business on a stock exchange. However, no matter what kind of succession planning process has been put in place, it cannot be left until the last minute – it can take months or even years for business owners to prepare their businesses for when they plan to exit.
Corporate succession planning and exit strategy planning are not easy tasks to do and require the expertise of professional business advisors to achieve. A Walker Wayland Advantage professional can ensure that the proper processes are put in place so the business can continue to run without the original owner being involved. As one of the leading providers of business succession planning in Melbourne, we have many years of experience helping businesses to formulate and successfully implement their exit strategy and succession planning process.
Corporate succession planning can be a difficult and time-consuming task. It can involve devising strategies that will boost the value of the business, making the business look like an appealing and lucrative investment to potential buyers, and being aware of the taxation and compliance implications. Our accountants can help business owners understand every facet that is involved in this process and advise them on how to execute it in the best way possible. Walker Wayland Advantage has offered helpful succession planning advice in Melbourne to many business owners for many years now, and we can help you too.