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050-054 - Financing Succession

If the business is handed over on a platter to one of your family members that person's perception of business values can be distorted and the importance of continual hard work to keep the business up and running not appreciated. This paper summarises some of the issues concerning financing success ...Read more
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If the business is handed over on a platter to one of your family members that person's perception of business values can be distorted and the importance of continual hard work to keep the business up and running not appreciated.

This paper summarises some of the issues concerning financing succession, including:

  • Should You Hand The Business Over On A Platter?
  • Should Only Management Control Be Handed Over?
  • Heirs Paying For The Business - this segment explores the concept that heirs would actually purchase the business
  • Financial Control - Family Business Corporate Structure To Assist In Succession
  • Floating The Company - examines other alternatives of financing succession including:
    • floating the company on the Stock Exchange
    • utilisation of a business matching service with particular comments on how the Enterprise Market, which is conducted by the Australian Stock Exchange, has a market for small/medium enterprises to raise up to $5m per annum

Comments are also included on utilising superannuation to assist in the financing of succession. The paper concludes by emphasising that planning is essential to ensure succession.