#57 - Business succession (without insurance): Easy as A, B, C

In the same way as an estate plan is critical for every adult, so to is a business succession plan for everyone involved in a business.

 

While insurance can play a role for exits such as death and incapacity (indeed see our September 2021 event: Business succession (with insurance): Easy as 1, 2, 3) a robust approach for non-insurable exit events is critical.

 

While our April 2021 webinar complements our September 2021 webinar, there is no need to attend the later event. 

 

This, our April 2021 webinar, explores the key issues advisers should be aware of in business succession, including:

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1. The roles and responsibilities of each adviser (accountant, financial adviser, broker and lawyer)
2. Starting at the start - getting the valuation right
3. Unbundling the succession pathways – employees, family or external acquisition
4. Becoming 'deal ready' and managing the due diligence process
5. Share sales v asset sales - the why, how and whats
6. Managing risk including warranties, indemnities and tax liabilities
7. Numerous case study examples

 

For access to more webinars and resources join one (or all) of the View Communities. Also, the case Matthew mentioned in relation to changing the jurisdiction of a trust to South Australia from 2020 was Clarke v Ebdon [2020] SASC 67, our case summary will be shared into the closed group feeds of our TechniView and AdVIEWser communities. 

Reminder to View Community members – join us in the FaceBook group for a deeper conversation about this topic and how you can leverage your learnings for your customers.  

 

Not a member? Learn about View’s online mastermind communities below to see which one (or three) suits the needs of you and your business. 
 
Techniview - For advisers working in holistic estate planning (including trusts, asset protection, superannuation, tax and business succession) 
 
Adviewser - For advisers wanting to facilitate legal solutions for their clients in holistic Estate Planning 
 
Viewruption - For professional service providers wanting to iterate their business model (including abandoning timesheets) 

Some of the resources that View Legal has on offer that may be of assistance include: 

View apps

Weekly View blog

Published View books

Related articles and resources:

Blog: Trust-owned business succession insurance arrangements: Some clarity at long last

Blog: Company owned insurance policies for business succession

Book: The Seven Foundations Of Business Succession

 

Listen to View’s previous episode here.