Accounting Services - Succession Planning

People are commonly aware of the fact that they should regularly update their Will to ensure that, in the event of their passing, their assets are distributed as per their wishes.

It can often be overlooked that similar plans should be made in regards to any businesses that may be owned or run by individuals, particularly small businesses.

Succession planning involves assessing, devising and implementing an "exit strategy" for the business owner or owners. This may be what the owner wishes to happen when they die or it could also be a plan for the transition to new ownership as the current owner plans to retire or move on to other interests.

Regardless of the end result there are a number of facets that need to be considered and addressed to ensure not only the smooth transition in the day-to-day running of things but also that the established success,  a result of the parting owner's hard work, is maintained.

If the the proper planning has not been implemented and a transition of ownership takes place this can see not only the possible demise of the business but may also cause significant emotional stress and financial burden for those who are left associated with the business. Whether it be the loved ones of a deceased or the staff that stay at the business when owners change.

As a responsible business owner it is important to have plans in place to secure the future of your hard work and dedication.

At The Quinn Group , as both lawyers and accountants, we can assist you with all of your succession planning needs. Contact us now for more information by submitting an online enquiry form or call 1300 QUINNS or on +61 2 9223 9166.

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The Quinn Group - Providing the Total Solution

As both a legal and accounting firm The Quinn Group are able to offer business legal and accounting services in one location. Visit our Business Legal Services page to see our range of legal services available to your business.

Visit our Personal Accounting Services page for more information on the wide range of Accounting Services that The Quinn Group can provide to you as an individual.

View all our office locations to find The Quinn Group office nearest you, or call us on

1300 QUINNS (1300 784 667) or on +61 2 9223 9166 to arrange an appointment.

Whilst we have 5 offices located in Sydney, we are also able to meet you at location convenient for you. Additionally, we have web and teleconferencing available for regional, interstate or international clients.