Free Trade Agreement Benefits Go Far Beyond Exports for Australian SMEs Seeking Succession or Exit Opportunities – February 2014 - Succession Plus

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Free Trade Agreement Benefits Go Far Beyond Exports for Australian SMEs Seeking Succession or Exit Opportunities – February 2014

Succession and Exit

Free Trade Agreement Benefits Go Far Beyond Exports for Australian SMEs Seeking Succession or Exit Opportunities – February 2014

By , February 18, 2015

With an estimated 50,000 SME businesses coming onto the market for sale each year, and thus an excess supply of SME businesses, it makes sense for owners to consider the benefits of promoting their business for sale or investment internationally. Whilst selling a business to an offshore buyer/investor may seem difficult, many overseas entrepreneurs and high net worth individuals are becoming increasingly interested in investing in Australian businesses. In addition the Australian government is encouraging this through many initiatives, one being the Significant Investor Visa. SMEs still need to plan their exit well in advance if they hope to attract the highest value.

Craig West

Craig West

Managing Director | Succession Plus

Craig West is a strategic accountant who has over 20 years’ experience advising business owners. His background as a CPA in public practice, provided invaluable experience in the key issues of concern to business owners. Following 6 years of study to gain two masters degrees, Craig focused on Capital Gains Tax (CGT) for business sales advising on strategic management of tax issues. This experience formed a very strong view that business owners (and often their advisers) were unprepared and unaware of the steps required to prepare a business for exit.

Craig now acts as a strategic mentor for mid-market business owners and has written four critically acclaimed books on employee incentives, succession planning, asset protection and exit strategies. Craig has conducted numerous seminars and keynote presentations throughout Australia & internationally, including adviser education programs for the Institute of Chartered Accountants and CPA Australia.