Description
Join us for a breakfast event presented jointly by Succession Plus and QuickFee, where we’ll delve into preparing businesses for successful exits.
As you may know, with baby boomers approaching retirement, it is estimated that about 500,000 businesses will be exiting in the next 5-7 years. This presents a unique opportunity for us to offer our expertise and help these businesses prepare for their exit.
There are several ways in which we can assist them. Firstly, we can help them prepare themselves and their business finances for sale or exit. This can involve ensuring that their financial records are in order and that their business is in the best possible position to attract potential buyers.
Secondly, we can provide guidance on tax issues related to exit, such as Capital Gains Tax (CGT) and small business concessions. This can help business owners to maximise their returns and minimise their tax liabilities.
Thirdly, we can help businesses to look at their structures and determine what they are selling, what they are keeping, and who owns which assets. This can be a complex process, and our expertise can help ensure everything is done correctly.
Fourthly, we can provide advice on asset protection and life after exit. This can involve helping business owners to plan for family intergenerational wealth transfer, and addressing wills and estate planning issues.
Finally, looking at alternative exit strategies for some businesses such as our Peak Performance Trust for employee ownership.
Plus, QuickFee can offer support in financing the expenses related to establishing the necessary framework and obtaining associated advisory services.
In summary, our event will provide valuable information and guidance to help accounting firms prepare their clients for a successful exit. We can help them to maximise the value of their business, and ultimately achieve a successful exit strategy.
Proceeds from this event will be donated to The Smith Family, who have been dedicated to providing educational support for children experiencing poverty, making your participation even more impactful.