Business Succession Planning: What Happens to Your Business When You Die?
Why business owners need an estate plan, how different structures pass on, and the agreements and insurances that keep a business running after death.
Practice area
Business succession is about more than selling a business. Effective succession planning helps protect value, preserve continuity and ensure ownership can transition smoothly in the event of retirement, incapacity or death. Our articles explore practical legal and commercial issues affecting business owners, family businesses, shareholders and successors.
Featured in this area
Why business owners need an estate plan, how different structures pass on, and the agreements and insurances that keep a business running after death.
A practical guide for Victorian business owners, purchasers and investors on business sale agreements — asset vs share sales, due diligence, restraints, employee transfers, lease assignments, warranties and settlement risks.
How sole trader, partnership and company structures are affected when an owner dies — executor responsibilities, business continuity, key person risks and the practical planning steps every Victorian business owner should take.
How buy/sell agreements work — trigger events, valuation, funding, insurance, shareholder disputes and the drafting issues that commonly cause problems for Victorian businesses.
Why every business owner needs an exit plan — the common options, how legal structures affect planning, and the link between business succession and estate planning.