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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Providing the Financial Sounding Board to Grow a National Business

CapitalQ provides important services for our business by assisting us in relation to a wide range of financial and business growth matters on a consistent and ongoing basis. Specific support has included: implementing easy to read monthly financial management reports; identifying significant tax saving strategies (including an annual saving of nearly $30,000 a year on Payroll Tax); recommending and implementing business changing cloud-based software platforms; and streamlining our internal accounting and bookkeeping processes. This support has meant that CapitalQ has effectively become our financial sounding board so we can make informed strategic decisions about our business. This in turn has allowed us as Directors to focus on expanding our business to a national presence (currently three States and growing).

Exit of Business Partners/Owners

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Providing the Financial Sounding Board to Grow a National Business