If you’re involved in a divorce, separation or property settlement the future of your business and particularly business succession may be important to consider.
Your family lawyer will raise this with you if necessary and provide an introduction to an experienced business succession lawyer at Kelly Legal to assist you in this regard.
Business succession planning is as critical to your future financial success as running the business yourself. The right structures can make growth or transition easy while the wrong structures or a lack of planning can see significant value in your business simply disappear.
Worst of all is an scenerio where a successful business suffers the loss of an owner and there are now structures in place to deal with that loss. This situation can have a devastating effect on both the business, which loses a key person and may struggle to maintain its income and momentum, and the person’s family, who may be seeking to extract some value from the business to maintain the family.
Kelly Legal provides an effective solution to business succession arising from the unexpected loss of a key individual through a combination of a customised buy sell agreement and appropriate levels of key person insurance. This legal solution provides both those left in the business and those suffering the loss of a loved one and breadwinner with the framework and financial support they need to successfully move on.
Kelly Legal’s expertise in business succession planning and business structuring comes from many years of experience advising clients including sole traders, small businesses, family owned enterprises, farming and agribusiness operations and incorporated companies and associations.
Range of services
Our range of services in business succession include:
- Buy/Sell Agreements
- Company Constitutions
- Business due diligence
- Sale of Shares Agreements
- Business and Asset Sale Agreements
- Partnership Agreements
- Shareholder Agreements
- Business Succession Agreements
