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  2004

Business Succession Planning

Source: South Australia

Published Date: 29 Jan 2004

 
Business succession planning has historically received scant attention from business proprietors who have often been all too concerned about year to year survival or their current year taxation liabilities.

The times have changed.

Growth and sophistication and maturity of small business proprietors has resulted in a longer term focus; in particular on the how, who and when of succession to wealth.

This seminar focussed on three important areas:
1. Getting the most out of your business structure with the emphasis on asset protection and CGT concessions available on termination of employment.
2. The SMSF revolution; focusing on a myriad of benefit design planning opportunities.
3. Buy/sell arrangements as between arm's length proprietors in particular. This is much more (and sometimes more complicated) than business proprietors cross insuring. At the same time life insurance can be a 'life saver' both for the business and the family of a deceased proprietor.

Introduction/Business Structures

Author(s): Trevor Spratt
Materials from this session:

How a SMSF has a role in succession planning

Author(s): Peter Slegers
Materials from this session:

Buy/Sell Agreements

Author(s): Kirrily Mitchell , Paul Ingram
Materials from this session:

Details

  • Published On:29 Jan 2004
  • Took place at:Holiday Inn on Hindley, Adelaide

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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2004

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