Business Succession Planning

The success of a business is often dependent upon the efforts and influence of key people. It is imperative for business owners to prepare and plan for the ongoing operation of the business in the event that a key person is no longer involved due to death, illness or retirement.

A well-structured Business Succession Plan is critical to the ongoing health and profitability of a business after a change in leadership or ownership. DDCS Lawyers work together with other professional advisors to help create an effective Business Succession Plan that can assist to mitigate any potential worry and conflict that often accompanies change.

DDCS Lawyers is a multiservice law firm, giving us the ability to be able to work with business owners, stakeholders and family members to assist with identifying risks, goals and strategies to make a comprehensive succession plan. Our lawyers are skilled in business structuring, buy and sell agreements, asset protection, preparing family constitutions and stakeholder agreements.

As skilled mediators, we convene family meetings to facilitate the resolution of business conflicts. Our Wills and Estates experts will also ensure the correct estate planning is in place including Wills, Enduring Powers of Attorney, buy-sell agreements, binding death benefit nominations (where appropriate) and arrangements and documentation in relation to the passing of control of non-estate assets.