Exiting a business

  • Exiting a business

    Succession planning

    8 April 2009

    Nobody likes to think about it, but it’s inevitable that one day you will leave your business. Whether you decide to sell up, retire or have to get out of business due to health reasons, it’s important that you plan for that day.

  • Exiting a business

    Selling your business

    Selling your business is one of the most important decisions you’ll have to make. Deciding how much your business is worth is one of the main issues you’ll need to consider.

  • Exiting a business

    Transferring ownership

    At some point you may need to transfer part or all of your ownership of a business to your children or bring in a new business partner.

  • Exiting a business

    Taxation issues

    You must tell the Tax Office if you have ceased trading or your business has been sold. You must also cancel your various registrations.

  • Exiting a business

    Dealing with employees

    When a member of your staff leaves your employment, you’ll generally have to make some sort of final payment to them.

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