Business Restructuring

Restructuring your business can be useful in a number of scenarios that you may face in your business life.

Restructuring is a broad term that encompasses scenarios ranging from a simple reorganization of business processes, through to more complex scenarios which involve a change in the legal structure of the underlying business.

Restructuring should be contemplated when:

• Looking for outside equity

• Your business has outgrown the existing structure

• You want to protect certain assets from the risks of trading.

The benefits of restructuring

Successful restructures can minimize costs, utilize synergies of other entities, protect assets against unforeseen losses, and ensure flexibility for tax-effectiveness. However, there are many tax implications of changing your ownership structure, including Income Tax, Capital Gains Tax and Stamp Duty, that need to be correctly managed.

In any restructure, CA Advisors experienced team would spend the time to fully understand your business objectives. We then recommend a business structure that best facilitates your goals, and manage the transition of your business to the new structure.

Succession Planning (Sharia law considered)

What will happen to your business when you are ready to retire? It’s important to create a succession plan for the future so that successors can be groomed and you can enjoy the rewards of having built a business.

Family businesses often find they have waited too long to begin planning their exit. Younger generations don’t always share their expectations of work. At the same time, economic and technological change can have unforeseen consequences.

What is succession planning?

Let’s first consider the definition of succession planning. It’s a strategy through which key individuals within a business, organization or family are vetted and prepared for future leadership positions within the company. These individuals may be the children of current business owners and operations, but that is not a necessity. Business succession planning could just as easily involve identifying promising candidates within the company who are being prepared to eventually take the reins from the current leadership when those positions become available.
In either case, the succession planning process is always about making the transition to new leadership as seamless as possible.

Expert support and guidance

We would assist clients to successfully hand the reins of the business over to the next generation or to extract its full value on sale. Our advisors are experienced in dealing with all aspects of succession planning. They understand the psychology of success, drafting a will and dealing with the ‘dilemma’ of Capital Gains Tax. We can advise you on:
• Evaluating where a business currently stands in terms of its development
• Determining how to maintain and improve the value of the business
• Transitioning management across to the next generation or an external party
etc...

Security for your business and family

Crafting effective succession planning strategies requires significant legal expertise. Previous experience is also a critical factor. However, because a major shift in leadership occurs only rarely within the average organization, experience is often lacking. Fortunately, the specialists at CAZAdvisors have overseen and helped direct this transition for numerous companies – large and small. We have the experience and expertise necessary to ensure your organization’s leadership transition is a success.

We work through the challenges and family intricacies with you to maximize family wealth for retirement and achieve a beneficial outcome for everyone involved. Our approach helps to make the process of transitioning to a less hands-on role as smooth as possible.

If a change in leadership is on the horizon for your organization, contact CAZAdvisors today to speak with a specialist.