When it comes to effective succession planning, an early start is often the key to success
All business owners will eventually exit their business. Succession Planning or exit planning is a way to wrap up your involvement in the business.
For some people, this means readying the business for a change of ownership. For others, it means stepping back from the day-to-day while keeping it as a passive income earner. Either way, you need to ensure that the business is ticking to get the best sale price or the best income generation.
It’s never too early to start exit planning. We work with you to consider the exit scenarios available to you given your goals, time available, potential successors and the current state of the business. Once we’ve got some strategies in place to maximise value, we’ll work alongside you to ensure they are implemented.
Our Succession Planning Services
How we’ve helped clients
See how we’ve helped our clients with some common problems businesses face.
Our family has enjoyed a successful partnership with Marsh & Partners for over 31 years. During this time, we have been provided with exceptional tax and business strategies to help our agricultural and commercial interests and now leading into our second intergenerational transfer. It is also mutually beneficial that the partners and associates travel to our home and place of business to actually see and understand our operation and needs.
My wife and I have used the services of Marsh & Partners for over 30 years and our children have also followed suit. We are an average middle income couple, and they have always treated us with great respect and professionalism. Marsh & Partners for us has been the difference between an average retirement and one which holds no fears. Their tax advice and property structuring has been. extremely solid. Our son utilises Marsh & Partners Business Improvement services to assist forward planning in his business, which has been extremely successful. Their integrity is beyond reproach and we have no hesitation in recommending them.
Marsh & Partners have been our accountants for the past 20 years and have provided exceptional service that transcends the expected norm. They understand the importance of connection and relationships and build these ethics into their deliverables. Marsh also appreciate the value of community and have provided pro bono assistance to our charity endED.org.au for the past 3 years.
We have been dealing with Marsh & Partners for 20 years now, not only for all of our accounting needs, but also with business mentoring, which has helped us grow our companies. Fred Patten has given us incredible support and encouragement in order to help us move forward in business, and has guided us through the highs and lows that come with being in business. He and his team have made it a priority to know all aspects of our business and meet with us regularly to discuss growth & development strategies. We trust the expertise of Marsh & Partners and know we will only continue to move forward with them into the future.
I have been a client with Marsh and Partners for 14 years. Over the 14 years Bronwyn and her team have always been amazing in helping me navigate the accounting portion of my business. One thing that stands out to me is the approach that Bronwyn takes with our quarterly meetings. This helps me plan all facets of the accounting operations and that no surprises come up. Can’t recommend M&P enough.
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