Business Succession

Most business owners in New Zealand have plans in place as to how they will exit the business upon retirement or when it is time to sell and move on to something new. Unfortunately the same cannot be said for owners faced with a situation bought about by the sudden death or disability of a shareholder or shareholders.

Unplanned succession is all too common and can leave surviving shareholders and families in a very vulnerable position. A recent article in the Sunday Star Times business news is well worth a read. Click here.

The situation is easily remedied with a funded buy sell agreement. We are happy to discuss this with you, your solicitor and accountant.