This seminar also looked at Australias baby boomers who are looking towards retirement where many of them intend to fund retirement by selling or otherwise dealing with the ownership of their businesses. Significant issues arise for advisors seeking to balance how to sell businesses in a tax effective manner for the owner, while still ensuring the arrangements are commercially acceptable to the purchaser. In many cases, there is the added complication of retention strategies that have been implemented for existing owners and employees which often include equity interests in the business.
This seminar also addressed the tax and stamp duty issues associated with restructuring companies and trusts for business succession and asset protection with a particular focus on managing the above issues and providing solutions that minimise the tax and stamp duty costs. While also addressing the issues associated with the bankruptcy rules.