Melbourne Office
Level 2, 59 Ross Street Toorak VIC 3142 Australia

T: 1300 529 123
F: 03 9827 9185
M: 0400 999 889

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Death or Disablement of an Owner

The loss of a business owner due to death, injury or illness can have devastating financial consequences for the owner's family and the business.

A well structured Business Succession Agreement supported by appropriate personal insurance for all owners will ensure an orderly transfer of business ownership because:

  • a business value or valuation method will have been agreed in advance
  • the equity purchase price will be fully or partly funded by insurance
  • a process and timing for equity transfer will have been agreed in advance
  • if insurance proceeds are insufficient, payment terms for the balance will also have been agreed in advance

It also ensures that the outgoing owner's equity will be transferred and that the outgoing owner or their family will receive fair value for the transferred equity.

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