Business Succession Planning
Plan Ahead. Support a Smooth Transition. Protect Business Value.
For many business owners, the business represents a significant long‑term asset. Succession planning involves preparing for future ownership or leadership changes, whether through sale, family transition, or winding down operations. At Oakridge Accounting, we support business owners by helping them understand the tax, compliance, and reporting considerations associated with different succession pathways and by coordinating the practical steps involved.
Planning a Smooth Business Transition
Expert coordination to help prepare your business for sale, succession or ownership transition while managing tax, compliance and reporting obligations.
Business Valuation
Coordination of business valuation together with high-level value analysis for planning and decision-making purposes.
Sale Readiness Review
Assessment of tax, compliance and financial reporting considerations to prepare the business for a successful sale.
Capital Gains Tax
Advice on Capital Gains Tax (CGT) considerations associated with business disposals.
Small Business CGT Concessions
Application of eligible small business CGT concessions in accordance with current legislation.
Family Succession Planning
Review of tax and compliance considerations for family succession and intergenerational business transfers.
Buy & Sell Agreements
Coordination and review support for buy-sell agreements alongside your legal advisers.
Ownership Exit Planning
Consideration of tax and reporting implications relating to shareholder or partnership exits.
Superannuation Considerations
Review of superannuation contribution opportunities and reporting requirements following a business exit.
Professional Coordination
Working closely with solicitors and licensed financial advisers to support a smooth succession process.
When Should You Start Planning?
Succession planning is most effective when considered well in advance. Early preparation allows time to understand potential tax, compliance, and structural implications and to ensure records and structures are maintained appropriately over time. Even if an exit is some years away, understanding how your business is structured today can help support smoother transitions in the future.
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Ready to start planning your business succession?
Book a confidential consultation with our Ballarat team - Call (03) 5334 1396.
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FAQs
Frequently Asked Questions
If you need additional assistance, our team is always ready to provide the support you need.
Where is Oakridge Accounting located?
We are based at 36 Production Drive, Alfredton VIC 3350, in Ballarat. We serve clients across Ballarat, regional Victoria, and can also assist clients remotely via our cloud accounting platforms.
What are your business hours?
Our office is open Monday to Friday, 9:00am–5:00pm. Appointments outside these hours are available on request.
How do I book an initial consultation?
You can call us on (03) 5334 1396, email admin@oakridgeaccounting.com.au, or use the contact form on our website. Initial consultations are free of charge and carry no obligation.