Business succession – Insurance and Estate Planning

• Succession planning is about having a strategy in place that will protect your interests and all other parties involved.

Business insurance

• The death of a key person or partner could potentially destroy a business or force remaining partners to sell if an agreement is not in place.

Business owner advice

As you already know, working for yourself means that nobody is contributing to your superannuation and retirement except you.

Relying on the sale of your business for retirement is not a comprehensive strategy. You may not be able to sell when you like or the business may not be worth what you are expecting, especially without you as the operator.

Superannuation, investment and cashflow

• Superannuation - Contributing regularly to superannuation not only provides security for your future, it also provides an effective tax strategy.​

• Investment - A diverse investment portfolio can provide additional income or build towards your retirement goals. 

• Cashflow - A plan must be created to identify what is needed for ongoing expenses, what should be done with surplus income, and what options are available for your particular needs.