Succession Planning

Harold Sharp can help you with business succession planning and accessing significant tax advantages along the way.

Succession planning is an essential part of many owners’ responsibilities and needs early consideration, lest you seriously limit your options and find yourself unable to take the steps needed when the time is right for you to reduce your input. Good business succession planning can be a very powerful exercise, achieving a multitude of positive things in one integrated reorganisation of ownership structure.

Typical objectives which are taken care of in our plans, include:

    • A timely transfer of control and initiative to the next management team
    • A highly tax efficient extraction of value for the owner (or for the owner’s family if you don’t want or need the extraction yourself)
    • A deal which involves only corporate obligations and no personal exposures for the new team
    • The owner’s retention of certain rights and rights of veto over the new team’s actions, if desirable
    • The owner’s ongoing working arrangement, for income
    • A new structure which lends itself to asset protection
    • A perfect opportunity to access low-cost stakeholding options for key employees whom the new team might like to incentivise

“We’re constantly seeking new ways to help clients adapt to change and meet their growth ambitions. Technology plays a major part in this. It’s not about keeping up – it’s about staying ahead.”

Andrew Copping,

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