Claim the small business CGT concessions
Claim the small business CGT concessions We will tell you which of the small business CGT concessions you qualify for, and what it takes to keep them. The tax on a business sale is often the largest single cost in it, and it is decided long before the contract. Four concessions exist for eligible small […]
Buy out a departing owner
Buy out a departing owner We will help you manage an owner’s departure so it is fair to them and does not destabilise the business. What happens when one of you wants out? In most private businesses the honest answer is that nobody knows, because it was never written down. The departing owner wants a […]
3 legal must-haves before selling your business part 3: Heads of Agreement
This article is Part 3 of a series of blogs focusing on three pre-business sale documents: Part 1: Broker Mandate Letters; Part 2: Non-Disclosure Agreements; and Part 3: Heads of Agreement. We have also developed a library of resources that will help clarify your thinking about selling your business and get you on the right […]
3 legal must-haves before selling your business part 2: Non-Disclosure Agreements
This article is Part 2 of a series of blogs focusing on three pre, business sale documents: Part 1: Broker Mandate Letters; Part 2: Non, Disclosure Agreements; and Part 3: Heads of Agreement. We have also developed a library of resources that will help clarify your thinking about selling your business and get you started […]
3 legal must-haves before selling your business part 1: Broker Mandate Letters
When selling your business, appointing a broker is usually the smart move. They can bring in qualified buyers, run a structured process, and help push a transaction across the line. However, you must be cautious about rushing into a Broker Mandate Letter (BML) without truly understanding its implications.
Protect your business when selling: a step-by-step guide to safe due diligence
You’ve built something valuable, a business that’s your pride and joy. Now, you’re ready to hand it over to the right buyer and move on to your next chapter. You’re excited about the possibilities: a lucrative sale, a smooth transition, a well-earned reward. But as you picture potential buyers poking around in your books, a knot forms in your stomach.
Andrew Andreyev chats with Tax Talks about Asset Protection Silos
How should you structure a multi-project business for asset protection? Let’s say you are a builder with several construction projects. Or in hospitality with several restaurants and cafes. Or a retail chain with various locations. Or in agriculture with several enterprises. How should you structure your business so that creditors from one project or site […]
When the Partnership Bubble Bursts: What happens if I want to continue operating the business post-dissolution?
Much like a divorce, the dissolution of a business partnership can be unexpected and difficult to manage. We have written before about what happens when someone leaves a partnership. This article goes into a bit more depth about what happens if you wish to continue operating the business after your business partner leaves.
9 questions to ask yourself before you sell your business
We have written a lot of technical stuff about selling a business. But we’re finding that more and more people want to understand the best high-level strategy to actually conclude a successful deal. Set out below are 9 key questions you need to ask yourself before you start to sell your business. 1. Do I […]
What is a director’s role in a members’ voluntary liquidation?
If you are a director and member of a company and ready to shut down your solvent business through a members’ voluntary liquidation, you may be wondering how the process looks. In particular, you may be wondering what your role will be as the liquidation progresses.
Read more below to see how you may stay involved with the company throughout the liquidation process and how your role might change if you opt out.