Succession Planning Grants Now Available for Primary Producers
Succession planning is not a matter that business owners typically give a lot of thought to, but for all businesses, it is important. This is especially so for primary producers because the major business asset is often a family legacy therefore succession planning is not purely a business decision – it has personal and family considerations attached.
The Queensland Government currently has grants available to assist clients to obtain succession planning advice from a professional service, on a dollar for dollar basis. Succession planning is not limited to the retirement or death of one party but may involve restructuring of the business to include new owners/partners or the proposed exit of existing owners.
Walsh Accounting can provide professional advice regarding this succession planning. If you are interested and believe you are eligible for the grant, we would be happy to discuss.
As always, there are conditions attached to the grant.