Business Succession

Succession can mean many things. It can be the progression or transfer of ownership within a family, the current owner group or the sale of the business or asset externally.

There are several key issues to consider.

  1. That value is retained and enhanced.
  2. Predictable processes are in place to minimise conflict or, at the very least, provide a mechanism to resolve issues.
  3. That the passing on of value is recognised and of benefit to both the person who is stepping away or back from the ownership or control of the business, as well as to the person who is stepping into that role.

We have a deep understanding of the commercial and legal issues in play. Just as importantly, we understand the often intensely personal aspects of business succession which demands empathy, respect and objectivity from us so as to ensure that the process and the transition is positive and that the outcome works for everyone.

Why choose Kalus Kenny Intelex Lawyers?

When you are involved in business you need a team of professional advisors on your side.

You need to rely on lawyers who understand both the big picture and the complexities, regardless of where you are at in your business cycle.

With over 30 years of experience in Commercial Law, our team are trusted advisors to some of Australia's most successful individuals, entrepreneurs and businesses. Understanding the complexities of business, family life, wealth and risk is our priority for all of our clients, and we pride ourselves on providing advice that is practical, commercial and strategic.

Experience is the difference.

From our Knowledge Base

New approach to sponsorship deals is ‘An act of God’

New approach to sponsorship deals is ‘An act of God’

The recent widespread fallout between sponsors and sporting codes is forcing a rethink of how events, such as a global pandemic and government intervention, are dealt with in future commercial contracts. According to Australian sports law firm, Kalus Kenny Intelex...

The King of the Mountain – with a twist

The King of the Mountain – with a twist

This weekend will see a new king of the mountain crowned as the winner of the coveted Bathurst 1000. However, this year will be different. It will be done without the normal crowds due to the impacts of COVID-19, the race will be the final event in the shortened...

Does your franchise agreement contain unfair contract terms?

Does your franchise agreement contain unfair contract terms?

Franchise Agreements are governed by both the Australian Consumer Law (ACL) and a mandatory prescribed industry code called the Franchising Code of Conduct (Code), which is enforced by the Australian Competition and Consumer Commission (ACCC). The ACCC recently...