Phone: 1300 960 373

Services Business Succession Agreement

Business Succession Agreement

This is a legal agreement and the document is admissible in court. The document is governed by Western Australian law.

The Business Succession Agreement ( BSA ) contains all immediate exit strategy and business valuation decisions and rules agreed by clients and recorded in their succession report.  The BSA also acts as a bsashareholders agreement with complete corporate governance and dispute resolution procedures. Typically the BSA will take precedence over existing business share and partnership agreements.

My consultancy experience shows significant cost and time saving to my clients when their agreements are drafted by those specialist taxation and estate planning solicitors I recommend.

This is because the agreement is underpinned on recommendations in the business succession report ( BSR ) that has been developed by me and will be unfamiliar to solicitors who have not worked with me previously.

Typically, BizSuccession Solutions will obtain a firm quote for client acceptance before solicitors are engaged by me, acting as your agent.

This ensures you are not surprised by legal costs. 

Alternatively, as my client you may choose to use any solicitors you are comfortable with. When working with your solicitor the matter of costs will be based on your existing relationship and the final agreement will vary to the depth and degree of their experience, and understanding of my BSR. 


Sean says

We are in business with my parents and brother. Some land had been transferred to my brother and I and we asked Jim to prepare a immediate exit strategy in case one of us had or wanted to withdraw. We sought bank finance to improve the land. Jim was able to do that plus discover a error in how the land was transferred that the bank had missed. Since then my brother has left the state and he is being paid out exactly as we set up; no argument.