Have you thought about what will happen to your farm when you retire? Have you had the conversation with your children about whether they want to continue on farm, or do they plan to sell the farm once you’re gone? Some of these questions might make you uncomfortable, but what’s more uncomfortable is the knowledge...
Read moreIf you run a small business in Warrnambool, have you considered succession planning as part of your overall business plan? Do you know why it’s important and how you could be impacted if you don’t have an exit strategy when it’s time for you to retire? Many business owners know that succession planning is important,...
Read moreThis rather simple question has long dominated discussions and thinking among families, clouding career planning and risking intra-family relationships. On occasions, this issue has culminated in litigation and, ironically, the ultimate sale of the family business or portions of it. So much for such harsh realities. Sinclair Wilson accountants’ focus for many years has been to...
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