Business Succession Planning in Maitland & The Hunter Valley

What to consider when business planning

A business succession plan is a complex undertaking that involves several critical considerations that must be carefully evaluated. One of the primary things that business owners need to think about is who will take over the company’s ownership and control.

Additionally, it is essential to establish precisely how the transition will be structured, including accounting for any legal requirements involved in transferring the company.

Furthermore, transfer of ownership comes with tax implications that business owners must keep top of mind. It is crucial to be aware of financial needs, not only for the business but also for the family and any other beneficiaries involved.

Given the many aspects involved, it can be challenging for a business owner to manage succession planning on their own. If you find yourself needing assistance, our team of experts is ready to help you navigate the intricacies of the process. Contact us today to get started.

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Plan for your future

At Hills Solicitors, we understand the importance of having a well-structured plan in place before you decide to sell your business. Our professional guidance can ensure that you receive the best possible value when it’s time to cash in on your investment.

We offer a comprehensive range of services that include business planning, business structuring, asset protection & planning, buying and selling agreements, business risk management, shareholder agreements and share sale agreements.

Our experienced team of professionals work closely with you to identify the best options for your business in terms of identifying the right buyer and facilitating the smooth transfer of ownership.

We also guarantee that the transfer of ownership is executed in accordance with all legal requirements while ensuring that confidentiality is maintained throughout the process.

If you need help with the business planning process, you can count on us to provide expert advice and guidance.

Why have a succession plan?

Succession and Business planning is important when exiting a business because it allows you to control who takes over and how they do so. By having a succession plan, you can ensure your business continues to run smoothly after you’re gone.

If you don’t have a succession plan in place, your business could be sold to the highest bidder or taken over by someone who doesn’t share your vision for the company. Without a plan, there’s no guarantee your business will continue to thrive after you’ve relinquished ownership.

A well-thought-out succession plan can give you peace of mind knowing your business is in good hands and will continue to be successful long after you’ve left. If you’re thinking about exiting your business, be sure to get in touch with our Solicitors. Business Planning will help you protect your legacy.

Succession planning is also important to consider from a personal aspect, learn more about individual succession planning.

David Allen, Principal & Maitland Solicitor at Hills Solicitors
Daniel Allen, Maitland Solicitor at Hills Solicitors
David Allen, Principal & Maitland Solicitor at Hills Solicitors

Passionate, experienced solicitors Meet the team at Hills

Hills Solicitors first opened its doors in September of 1894 under the name T A Hill. We continued strengthening our roots in the Maitland Community and later became T A Hill & Son, when our founders son joined the family practice. We then made the change to Hills Solicitors.

We have had a total of 3 offices since those early days in 1894, all of which are a 50m walk from our current office.

Get in touch today to see how Hills can help

When you approach Hills Solicitors for any legal advice, we treat you like family. Our valuable clients are members of an evergrowing family that we wouldn’t be here without.
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Getting started

At Hills Solicitors, we take pride in our over 125 years of experience and adaptability. Our clients can trust that we will continuously evolve and tailor our services to their changing needs. Our longevity is a testament to our ability to embrace new technologies and create cost-effective solutions for all legal issues. With our extensive knowledge and innovative mindset, we confidently assure our clients that we will always strive to exceed their expectations. Trust us to handle your legal matters with a forward-thinking approach and an unwavering commitment to your success.

Step one Get to know each other

When you come to Hills for advice you are never just another client to us, you become part of our large family and it is vital we get to know you.

Step two Understanding your rights

The first step is to help you understand your rights and how you can approach the issues at hand.

Step three Determining your goals

The most important step is understanding exactly what you would like to see at the end of your matter.

Got questions? We’re here to help

The team at Hills are here to help with all of your legal needs, serving Maitland and the Hunter for over 125 years. With a forward-thinking approach, providing practical solutions, for an affordable price — We’re here to help you when you need us.

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