Childcare business succession planning

Have you thought what would happen if you or your business partner(s) retires, passes away, there is an irreconcilable difference, or serious illness prevents you working for an extended period of time?

Unfortunately, we see a number of businesses who fail to consider these scenarios. Significant added financial stress affecting all partners and their families, invariably follows. There are also those businesses who consider these possibilities and arrange their affairs to ensure their practices can continue to run smoothly, their personal financial situation is under control, and their capital value is maintained.

For more information on succession planning for your childcare business, please email the Guild Accountants childcare team at childcare@guildaccountants.com.au or call 1800 101 296.