Succession First Pty LTD

many successful business owners, caught up in the immediate demands of starting up, running and building a business give a great deal of attention to growing business value and little attention to transferring or protecting business value due to a succession event...planned or unplanned. death, disability, divorce or departure from your business is not something we like to think about. in excess of 80% of business owners in australia do not have documented succession agreements or pre agreed funding mechanisms such as surplus cash, the ability to borrow more money or adequate insurance in place, exposing the business, its owners, their families and key business relationships to significant risk. of those businesses that do have documented plans, many are still exposed to significant risks as a result of: 1. agreements that do not cover all succession events 2. agreements that are out of date 3. insufficient funding mechanisms (available cash to buy out your partner or pay down debt, ab