A Business Succession Plan (BSP) directs what will happen when the controller of a business dies.  

It can help to:
1.    Ensure that employees are retained.

2.    Ensure that clients / customers are retained.

3.    Prepare the business for sale if required.

4.    Insure that registrations and licenses are maintained and / or transferred as required.

5.    Insure that all the relevant insurances are in order.

6.    Transferring the skills and knowledge to other employees / stakeholders as required.

7.    Ensure that all the relevant contracts are relevant.

8.    Consider the taxation consequences are considered.

9.    Put in place a Buy / Sell Agreement.

10.    Identify the successors.

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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