Businesses, Structure & Succession

Businesses, Structure & Succession

A successful family business requires a fine balancing act of inter-family relationship, each member's interests, management and ownership control.

Every business is different and there is no business structure and succession plan that fits all.

We strive to understand both the and commercial objectives, the and intricacies of various relationships and and all other 'moving parts' of your business in developing a business plan that gives you a and smooth transition.

In practice, family businesses is more often than not a mixture of private companies entities, self-managed superannuation funds and family trusts that own business assets.

The relevant laws and regulations applicable to such structure is complex and further complicated by your personal, commercial and succession objectives.

Whether you are outside of Australia or in Canberra, Sydney or Melbourne or their surrounding regions, we can demystify the complexities, pre-empt and minimise impacts of disputes about ownership or control of your business in the following ways:

• Formulate a holistic business succession and estate plan in tax effective and asset protective manners including establishment of different type of trusts
• Pre-empt disputes over control and ownership of your business and its assets by documenting your intention and the future of your business
• Advise on duties and responsibilities of a shareholder or trustee or board member in company that is run by a family
• Resolve disputes in a non-confrontational manner regarding the direction, control and/or ownership of your business and avoid costly court actions where possible
• Represent you if family business dispute escalates to court

In terms of business succession matters, we have can help you with:

• Assist with to developing family business succession plans that addresses complexities of families on- and off- the books with a goal to minimize disputes before and after the business handover in a tax-effective manner
• Formulate tax-effective buy/sell arrangements that is to fund equity buyout between owners or to protect you and your business from the consequences of key people leaving
• Formulate strategies that ensure your family business succession planning and personal estate planning are compatible and tax-effective
• Formulate strategic equity ownership transaction, management buyouts
• business assets protection by planning and structuring

Corporate Structuring

Additionally, corporate restructuring helps your business to remain responsive to operational changes, opportunities and the fast-changing commercial landscape while being able to withstand crisis.

We often liken corporate restructuring to 'business improvement' to resolve problems that may jeopardize your entire business and/or cause financial harm.

The restructuring process involves assessing cash flow, the strength and weaknesses of your business, identifying business objectives and financial goals.

We strive to formulate your bespoke business and trust structure that accommodates your short- and long-term personal and business aspirations in ways to pre-empt and minimise the impact of potential claims.

Whether you are in Canberra and its surrounding regions, Sydney or regional NSW, we have can help you with:

• Debt refinancing or debt restructuring such as varying your current payment structure, consolidating debts
• Equity restructuring takes place when a company to surrender a portion of control in return for financial capital by offering the public or shareholders (via a rights issue) to acquire company shares.
• Asset disposal, costs cutting