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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.
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It’s important to seek the right help when you’re ready to leave or hand over your business.
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If you need any assistance, please call 1800 072 722 for information relating to small business disputes or visit us at the Small Business Shopfront, 99 Gawler Place, Adelaide, South Australia 5000.
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.
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