Stephen A Maher & Co can assist businesses in planning the transition from one generation to the next. Stephen Maher has presented seminars for the Department of Agriculture for farmers on how best to plan for the handing on of the farm.
Succession planning should encompass a number of issues including personal opinions of the participants, taxation and other regulatory requirements as well as ensuring that there is no disruption to the business. All family members of the business owners are affected by the need to plan for retirement sooner or later. Many people are affected by the decisions that are made at this time as well as the fact that significant amounts of money are involved means that it is essential that business owners seek advice from qualified professionals.
Stephen A Maher & Co has provided ongoing advice and assistance to small businesses in the planning of the transition from one generation to the next. Research has shown that in the next ten to fifteen years many, many businesses will be faced with the issue of planning for the exit of the business.
If you would like to contact our professionals regarding any estate and succession planning issues please email: admin@stephenamaherco.com.au or contact our offices.