Business Succession Planning Accountant Melbourne
Prepare for the future of your business with our expert succession planning service
Business Sale & Succession Planning Accountant in Frankston Melbourne
A business is one of the largest investments we make in our lifetime. Over the years, with hard work and many sacrifices, business owners see their vision transform into a strong, reputable, and profitable business.
With growth and success in any business comes a time to start planning for its next phase – business succession or transition. It is a critical juncture where a handover, relinquishing of the reins, or even a sale of the business needs to be considered. This can be utterly difficult for any owner.
Plan Beyond Profits’ Succession Planning Accountants have years of experience helping business owners overcome common and complex challenges associated with business succession planning. Our expert business accountants can help you achieve the perfect succession plan for your business, so you can stress less about your personal future, and plan your ultimate exit.
What is Succession Planning?
Managing Change and Transition
Succession planning is a transition of ownership and leadership from the current owner to another. It is a process that requires careful thought, preparation and flexibility. The goal of succession planning is to develop a strategy that ensures smooth continuation and transition of business ownership and management.
Whether you lead a small company, manage a family business, or direct a larger corporation, a clear business succession plan is absolutely crucial. It protects your business’s future and safeguards the interests of all stakeholders involved.
Why do Business owners need Succession Planning?
A successful business owner has a clear plan for the future.
As a business owner, it is important to have a plan for your personal future, and the future of your business – especially if you plan to pass on the business to the next generation. Unfortunately, many business owners fail to plan for an exit, or smooth succession, and simply hope for the best. Generally in business, if you fail to plan, you plan to…
Plan Beyond Profits’ Accounting services team can help you craft a solid succession plan so a business transition can happen smoothly.
Ensure Business Continuity
Facilitate a smooth transition that minimises operational disruption
Protect Asset Value
Maintains or enhance your business’s value for future sale or handover
Protect your legacy
Ensure you leave the business you worked so hard to build is in the right hands and in the best financial position to flourish into the future
Reduce risk of conflict
Prevents conflicts in family businesses, ensuring fair & clear transition plans
Plan for the unexpected
Be prepared for unforeseen events such health issues or sudden departures
Have a clear exit plan
Planning for succession is a critical component of forward business planning for all business owners
Succession Planning for Business Owners
Let us help you plan the future of you and your business today!
Business Succession Planning Services Melbourne
Corporate Succession Planning | Succession Planners | Ownership & Management Succession
Family Business Succession
Plan Beyond Profits specialise in creating tailored succession strategies that address unique needs of family businesses. We can advise on effective structures to support the business and facilitate smooth transition across generations.
We will help you through succession planning process which will involve considering various factors. We have listed some of them below:
- Understand your business & personal goals
- Your business health and its growth opportunities
- Is your wealth tied up in the business? Do you require the equity in the business to retire?
- Do you have family or other persons willing to take over the business?
- When you do you plan to retire? Immediate or a gradual exit from business?
- Do you intend to keep the business trading after your exit?
- Develop a Business Succession Plan
- Develop a carefully planned and managed transition process tailored for your business and family members.
- Ensure all Wills, Powers of Attorney, and Beneficiary designation aligns with the family’s succession protocols
- Ensure correct asset protection & investment structures are in place to protect and grow the family’s wealth
- Documentation for trust deeds, shareholder agreements, insurance & other structures needed in the event of death or disablement.
- Conflict resolution
Exit Strategies
- Management / Staff buy-out
- Employee Share scheme
- Selling to competitors, suppliers, or customers
- Initital Public Offering (IPO)
Business Valuation Advice
What is your business worth?
Plan Beyond Profits offers business valuation advice to help you understand the worth of your company, whether you are planning to sell, buy, or simply gain financial insight into your company.
Business Sale Advice
- Reliable business valuation to reflect business’s true worth and profit potential
- Detailed succession plan that outlines how your business will operate with its new owner
- Advice on tax implications of selling
- Financial documentation
- Leverage our connections with business brokers, solicitors and other professionals during the sales process
Director of Plan Beyond Profits, Mathew Boyes is a SAPEPAA foundation member and an accredited advisor specialising in asset protection, structuring & cashflow maximisation and strategic business advice.
Why Choose Plan Beyond Profits’ Succession Planning Accountants for your Business?
Business Transition and Succession Solutions
Professional & Personalised Service
Plan Beyond Profits’ isn't your average Succesion Planning accountant in Frankston. We listen to you. Understand your needs & circumstances to develop a solution that is tailored for you and your business.
Serving clients for over 20 years
We have been helping clients for over 20 years.
Innate Business mindset
We live and breathe business. We understand the realities, the challenges and pain points of running a business. We craft our solutions based on your business type, model or structure.
Transparent & Upfront pricing
We are transparent and upfront with our pricing so there are no surprises for you.
