Your Wealth Magazine February (2011) - Succession Plus

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Your Wealth Magazine February (2011)

Succession and Exit

Your Wealth Magazine February (2011)

By , February 18, 2015

If you have left enough time to properly plan and navigate selling your company, you will have more exit options open to you. Using Employee Share Plans to retain key staff and improve employee engagement builds value within the business, but ESOPs can also be used as an exit option. This article looks at the succession process. The case study included gives insight into a client’s experience implementing an employee share scheme called the Peak Performance Trust, for which they were awarded Employee Share Plan of the Year by the Australian Employee Ownership Association.

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.