2009 by Nexus Wealth Management
Nexus was approached by a local WA Building Contractor company to help with intergenerational planning and provide a business succession and transition strategy. The company’s’ goals and objectives were :
In order to identify, construct and deliver high level advice, our advice process covered 4 major stages where we were able to confirm actions and ensure accountability from all parties, resulting in the best outcomes for our clients.
Nexus offered a business succession solution where relevant responsibilities were outsourced to Nexus which included liaising, facilitating and educating with and between all necessary parties to ensure the above objectives were met.
Nexus liaised with the businesses accountant and lawyer to establish appropriate sale documentation based on an agreed business value which factored in personal and company tax implications. A directors meeting was facilitated as well to address the asset protection between personal and company assets as well as any other issues that needed attention. The shareholders were educated about the fiduciary responsibilities of being a company shareholder. A comprehensive needs analysis of the business was performed.
Nexus offered a complete Personal Financial services advice and strategy in relation to the following key areas;
Today, the new Directors have peace of mind in that they have a robust business succession plan and that we continue to help them
so that they can face the future with confidence. The company has come away with us understanding what’s important to them,
being able to put all of their issues on the table, receive advanced strategy considerations, with an agreement and documented
They have also been able to grow wealth outside of the business with the efficient handling of their debt.