News and Views Podcast Show · Sarah Power: Director of Business Concepts Group, Financial Planner and Accountant

NV162: Business Succession Planning

·15 min·1 clip

Sarah Power explains how a family business handover can leave the next generation with a devastating, unexpected tax bill.

Host Sarah Power and expert Chris Reid provide a comprehensive guide to business succession planning, emphasizing the need to start exit strategy planning from day one. They cover key considerations like making the business attractive for sale, navigating tax consequences (especially CGT concessions), and the importance of legal documents like buy-sell agreements and shareholder agreements.

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