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Define your exit strategy (sale, family transfer, etc.) and set a realistic timeline.
Business Succession Planning Perth
Creating a business succession plan early on, even at the establishment stage, is a wise investment that mitigates many costly risks that can arise without warning. Seeking legal advice ensures your plan is comprehensive and legally sound. With over a century of service and a skilled, expansive team of succession lawyers, HHG legal has provided legal services to countless business owners, helping them to develop sound, tax effective business succession plans that address the practicalities. Whether you lack a formal exit strategy, need a clear business valuation, or want to minimise tax burdens, we can help. Let’s discuss your goals and determine the best path forward. Contact us today to schedule a consultation and explore your succession planning options.
Succession Planning Services
At HHG Legal our estate and succession lawyers advise on all aspects of business succession planning & succession law, including:
- Estate Succession Planning: Tailored wills, trusts, and powers of attorney ensure your wishes are carried out.
- Business Valuation: Receive accurate valuations to support negotiations and tax planning.
- Contract Drafting: Clear buy-sell agreements, shareholder agreements, and more.
- Tax Structuring: Strategic approaches designed to minimise tax implications for all parties.
- Corporate Governance: Assistance with restructuring your business to facilitate succession goals.
What is involved in a business succession plan?
To develop a successful business succession plan, our estate lawyers will work with you to develop goals, value their business, identify possible successors, and strategically plan out their finances in a way that minimises tax implications and safeguards their personal and business assets.
Goal Setting and Timeline
Business Valuation
Obtain a professional valuation to determine the fair market value of your business.
Identify and Develop Successors
Prepare internal candidates, prepare family members, or outline parameters for an external buyer search.
Legal and Tax Considerations
Address estate planning, minimise tax burdens, and draft/revise essential contracts.
Financial Planning
Calculate retirement needs, ensure business cash flow, and review insurance coverage.
Communication and Implementation
Involve key stakeholders, build in flexibility, and schedule regular plan reviews.
About HHG Perth
HHG Legal Group has been providing legal services to businesses and individuals in Perth and Western Australia for over 100 years. We are committed to ensuring all private client, business, and government legal needs are exceeded, through the provision of complete legal clarity, transparency of pricing, and the utmost care and responsiveness from our first interaction. Contact us today to experience the HHG difference and receive the support you deserve from Perth’s leading law firm.
Our Team
Our team has decades of experience in providing businesses of all sizes with appropriate advice to ensure that their business will run smoothly when the time comes for a succession to take place.
Kimi Shah
Wills & Estate Planning | Managing Associate
Lucy Ferreira
Wills, Estate & Succession Planning | Special Counsel
Lynn Carrucan
Wills, Estate & Succession Planning | Associate
Amy Dunlop
Wills, Estate & Succession Planning | Associate
Emma Catterall
Commercial & Property | Wills, Estate & Succession Planning | Associate
Tsitsi Gotora
Lawyer | Wills & Estate
Aimee Christian
Wills, Estate & Succession Planning | Senior Estate Administration Manager
Brittany McKern
Wills, Estate & Succession Planning | Paralegal
Ida Dasan
Wills, Estate & Succession Planning | Senior Legal Assistant
Ashley Marshall
Wills, Estate & Succession Planning | Legal Assistant
Lily Thackrah
Wills, Estate & Succession Planning | Legal Assistant
Contact Us
With the right legal counsel and strategic foresight, your business succession plan will prevent leadership gaps, avoid costly disputes, safeguard your business’s value, mitigate tax burdens, and preserve financial security for you and any beneficiaries. HHG Legal Group draws on over a century of expertise to guide Western Australian business owners like you through successful transitions.
We have offices in Perth, Joondalup, Mandurah, Bunbury, and Albany, ready to assist you. To learn more about our succession planning services or to schedule a confidential consultation, please submit an inquiry or contact your preferred office directly.