Business Succession Partners - Australia

when a shareholder active in business dies or stricken by accident or illness, such an event results in immediate stress. this affects families, shareowners, staff and customers. in particular, what this means for the shareholders family is self-evident. fear for the future, and grief for the immediate circumstances. underlying these emotions is typically the stress of financial reserves and cessation of income. realisation of investments, including every dollar of business investment, is now urgent. surviving shareholders have to establish and balance a different set of decisions. they will share the grief, but must also step up to responsibility for the business and staff. they are unlikely to have available capacity to pay for the exiting shareholder equity, but they need to gain control of it. they will be under extreme pressure to find the money quickly of course. however, at what price, over what time schedule? likely, there is no formalised agreement in place to set the rules. w