Corporate & Capital

We are proud of

Business Succession & Exit Planning

Are you a business owner who is looking for a change but are unsure about how to most efficiently plan for the next stage of your career? Stone Group Lawyers is here to help.

Our Commercial Lawyers are well versed in all aspects of business succession and exit planning. We will be able to provide you with the best understanding of the options available, allowing you to make an informed decision about your future.

Our lawyers regularly assist clients with all manner of business succession matters, including:

Developing plans for long terms succession to family members;
Preparing contracts for the sale of a business;
Drafting partnership dissolution deeds;
Drafting Shareholder Agreements to protect your rights after reducing your shareholding below a majority holding; and
Drafting estate documentation to ensure a smooth transition in the event of your incapacitation or demise.

Why Do You Need An Exit Plan?

An often overlooked aspect of running a business is how the business will continue to run in the event of your incapacitation or death.

Without clear instructions on how the business is to be run in your absence, it is common for disputes to arise between the various parties with an interest in the business. This can prevent the business from operating in an efficient manner, which can ultimately cause detriment to the value of the business itself.

Having the proper legal documents in place will provide the stakeholders with clarity about how to best maintain the business, ensuring that the value of the business is maintained for the benefit of your beneficiaries.