Family Business Advisory Conference
Issues covered include: restructuring and tax exit strategies, family business owners, relationship breakdowns, modern business succession planning
Description
Find the answers to the family business dream: How to avoid family conflict but ensure business success. In one information packed day you will gain the best strategies to help your family business clients throughout the entire business lifecycle. From startup and structuring to challenges such as business succession, family or relationship breakdown, to selling, exiting and earnout arrangements, bring yourself up to speed on the key strategies from the leading tax and family law experts.
Chair: Linda Farmer, Principal, Private Advisory, Grant Thornton; Chartered Tax Adviser
9.00am to 9.30am: OPENING ADDRESS: Insights from Queensland’s Largest Family Owned Motor Group
Presented by Mark Woelders, Managing Director and CEO, Motorama Group
PERFECTING YOUR RESTRUCTURING AND TAX EXIT STRATEGIES
9.30am to 10.30am: From Unsuitable to Ideal: A Guide to Fixing Family Business Structures
- Family businesses often grow or change over time, but their structures do not keep pace
- Prioritising between risk protection, family desires and commercial issues
- Why tax efficiency may not meet family needs?
- Dealing with expectations and sense of entitlement
Presented by Clifford Hughes, Principal, Clifford Hughes & Associates; Accredited Specialist in Taxation and Business Law; Chartered Tax Adviser
10.30am to 10.45am Morning Tea
10.45am to 11.45am: Your Preparation Guide and Tax Exit Strategies for Selling a Family Business
- Business or entity sale: which one is better?
- Issues with selling the business
- How is the entity taxed on the gain
- How can owners access profits
- Selling the entity:
- Pre-sale issues with surplus assets and related party loans
- Sale proceeds by way of dividends and/or capital gains
- Commercial issues with sale agreements
- Transaction taxes: duty and GST
- Warranties and indemnities
Presented by Mark Reynolds, Partner – Tax Advisory, Findex; Chartered Tax Adviser
11.45am to 12.30pm: Earnout Arrangements: What are They, How are they Treated and How to Make Sure the Vendor Gets Paid?
- How does an earnout arrangement differ to deferred purchase price/vendor finance/other forms of contingent and deferred consideration?
- Understanding the earnout arrangement: How can the advisors add value?
- Commercial issues: getting paid, security and other forms of leverage
- What is the tax treatment on an earnout arrangement?
- Case studies
Presented by Chris Davis, Principal and Nick Camphin, Solicitor, McInnes Wilson Lawyers
12.30pm to 1.15pm Networking Lunch
HOW TO TURN A FAMILY BUSINESS INTO AN OVERPERFORMING JUGGERNAUT
1.15pm to 2.00pm: What You Need to Advise Family Business Owners on Startup: A Behavioural and Technology Perspective
- Gain insights into family and group dynamics of a startup family business
- Understand ‘intentionality’ in the context of family business
- Strategic horizons of a family business: longer than you think
- Core competencies and acceptance of roles within the family, the business and the supply chain
- Family member exiting and entry expectations
- Technology, innovation and evolution as drivers and points of contention
- Role of the adviser as an individual and cohort/ team
Presented by Lloyd Russell, Family Business Specialist
2.00pm to 2.50pm: Helping Your Client’s with their Goals and Making Strategic Decisions
- Take your compliance advice one step further to create value for your clients
- Learn how to help your client’s succeed in their goals and aspirations
- Enhance your skills of interpreting KPI’s meaningfully
- Learn how to read financials through a different lens
Presented by Suzy Munt, Associate Director, Business Services and Family Business, BDO; Specialist Accredited Family Business Advisor
2.50pm to 3.05pm Afternoon Tea
AVOIDING THE RISKS, DRAMAS AND PITFALLS OF RELATIONSHIP BREAKDOWNS AND BUSINESS SUCCESSION
3.05pm to 3.55pm: The Strategies and Information You Need to Deal with a Family Business & a Relationship Breakdown
- What is considered property when a relationship breaks down?
- Can the family business ever be at risk when a relationship ends?
- Are there any practical ways to protect the family business from a claim from a former spouse?
Presented by Genevieve Dee, Partner, Cooper Grace Ward Lawyers; Accredited Specialist in Family Law; Leading Family & Divorce Lawyer, Doyle’s Guide 2019
3.55pm to 4.45pm: Modern Business Succession Planning for the Blended or Complex Family
- What issues need to be considered when planning for the succession of the family business?
- How can the family business be passed down?
- The distinction between decision making and beneficial ownership
- Putting in place a framework to succeed v ‘ruling beyond the grave’
- Real life case studies for various scenarios
Presented by Darius Hii, Principal, Chat Legal; Chartered Tax Adviser
Venue
Mercure Brisbane
Level 2, 85-87 North Quay
Brisbane 4000
QLD
Australia
Parking is not included in you registration. Here are some options below.
Secure Parking at Mercure Hotel offers a discounted daily rate from $36 by
validating tickets at Mercure Reception prior to departure. Click here to view rates .
Accreditation
Attend and earn 6 CPD units
FASEA CPD Categories
6.5 CPD units in Technical Competence
All our conferences are able to count towards your CPD hours in accordance with the regulations of any industry association including CA ANZ, CPA and more. Click here to view your organisations' rules.