Exit of Business Partners/Owners

The exit of a business partner is akin to a divorce, it can be a stressful time for all concerned.

Even if everything remains entirely amicable, all parties remain self-interested and need to receive a fair outcome from the event.

Then, of course, comes the very real possibility of tax consequences of such a change, not to mention administrative concerns if the result is a change to the overall business structure.

The process requires measured consideration and sound management to avoid disaster.

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I was headed for ATO disaster... but thanks to CapitalQ we nipped it in the bud

I know everything there is to know about the services my business provide, and I know how to do it well and how to grow my business. But I know little about, and don’t want to know about, the tax and accounting and administrative side of things. As a result I was always behind, always struggling with paperwork and administration that I never came close to managing or getting on top of. CapitalQ worked with me to get my head above water, then to streamline that side of my business and manage much of it for me. A huge weight was lifted from my shoulders, my stress levels completely subsided and life was great. The result … an unsolicited buy-out offer for my first business (which I accepted) helping to set up financially me and my family for life. I have now started my second business, and they are doing it all over again. Business profits are growing, and I am once again fighting off suitors!

Exit of Business Partners/Owners

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I was headed for ATO disaster... but thanks to CapitalQ we nipped it in the bud