Business.sa.gov.au

Whether you decide to sell, retire or leave for health or personal reasons, planning for the day you leave your business is a valuable investment.

If you are choosing to leave your business to someone(s), it's important that you spend the time with your family and/or your business partners and plan what you're going to do. Creating and following a succession plan can assist with a smooth transition for you and the new owner. To assist you in your succession planning we have created a template and some helpful tips to help you complete it.

Resources and downloads

Succession plan template

Leaving your business

Many people reach a time in their business lives when they decide it’s time to leave their businesses

Deciding whether to sell or close

There is no set way to know when it's the right time to close or sell your business. However, there are some factors to consider when making the decision.

Selling your business

There are many factors to consider when selling your business, one of the most important being how much you would like to sell your business for?

Closing your business

Whatever your reasons for closing your business, it can take time. How much is dependant on its size and complexity.

Succession planning