Family Business Advisory Conference
Issues covered include: cashing out and exit strategies, restructuring, business succession, family business startups, impact of relationship breakdown on family business
Description
Find the answers to the family business dream: How to avoid family conflicts 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 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: Michelle Maynard, Partner, Carbon Group; Chartered Tax Adviser
PERFECTING YOUR CASHING OUT AND EXIT STRATEGIES
9.00am to 9.50am: Extracting the Wealth from a Family Company
Examine the common (and less common) strategies to extract wealth from a family company, including:
- Dividends and impact of the change in tax rate
- Cashing out through superannuation contributions
- Share buybacks and other capital reductions
- Dividend access shares: Are they still an option?
- Benefits of a members voluntary liquidation
- Sell down of shares to employees or a third party
Presented by Daniel Taborsky, Director, Birchstone Tax Law; Chartered Tax Adviser
9.50am to 10.40am: 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?
- Common issues in structuring an earnout arrangement
- Commercial issues: getting paid, security and other forms of leverage
- What is the tax treatment on an earnout arrangement?
- Case studies
Presented by Justin Audcent, Director – Corporate Finance, RSM
10.40am to 10.55am Morning Tea
CRITICAL RESTRUCTURING CONSIDERATIONS AND BUSINESS SUCCESSION
10.55am to 11.45am: Family Business Restructuring to Avoid Risks throughout Generations
- Engaging and re-engaging the family in succession planning
- Prioritising between risk protection, family desires and commercial issues
- How tax efficiency can drive family engagement
- Dealing with expectations and sense of entitlement
Presented by Ross Forrester, Director, Westcourt Chartered Accountants; Chartered Tax Adviser
11.45am to 12.35pm: Modern Business Succession Planning for the Blended or Complex Family
- Interplay between estate and succession planning
- Specific considerations when dealing with blended or complex family groups
- Understanding unique family business dynamics and desired future state
- Optimal execution of family business succession plans
- Lessons learned: key tips and traps
Presented by Lee-Ann Cartoon, Principal, Succession Solutions Perth
12.35pm to 1.20pm Networking Lunch
Chair: Michelle Maynard, Partner, Carbon Group; Chartered Tax Adviser
HOW TO TURN A FAMILY BUSINESS INTO AN OVERPERORMING JUGGERNAUT
1.20pm to 2.05pm: Family Business Startups: A Strategic Tool or an Investment Opportunity?
- Overview of family businesses in the modern context: challenges and issues
- The strategic benefits of taking startups as an operational tool or investment opportunity
- Effectively engage with the next generation to be part of the business
- Getting future generations involved in the family investment
- Funding strategies: internal and external corporate venturing
- Case study
Presented by Michael Sharp, Independent Family Business Adviser and Business Consultant, Woodhouse Consulting
2.05pm to 2.55pm: How You can Assist in Impacting a Family Business Performance
- Clients in distress: interpreting red flags in the most effective way
- Managing tax issues in distressed scenarios
- Directors' duties when the business is in financial difficulty
- Options and strategies to assist your family business clients
Presented by Carl Huxtable, Partner, Hall Chadwick
2.55pm to 3.10pm Afternoon Tea
PRACTICAL GUIDE TO AVOIDING FAMILY CONFLICT
3.10pm to 4.00pm: Splitting a Family Business in the Most Tax Effective Way
Demerging a mature business for what may be uncommercial reasons on death, disagreement or divorce. It has particular challenges, and the typical tax and duty costs are often considerable. Antony will outline the options for untangling joint operations whilst maintaining access to the concessions dealing with such arrangements.
- The various CGT concessions for restructures and disposals of part interests
- Applicable concessions and exemptions from the indirect transaction taxes: GST and duty
- Explain the different considerations applying to the most common family business structures
- Step through a worked example of a typical split
Presented by Antony Barrier, Director, Munro Doig Lawyer
4.00pm to 4.45pm: Dealing with the Impacts of Relationship Breakdown on the Family Business
- A review of the Family Court’s approach to splitting assets and the treatment of income
- Valuation issues and why it is important: personal, companies and trusts
- When and how to deal with various liabilities: stamp duty, CGT and Division 7A loans
- The treatment of loans as liabilities
- SMSFs and problems splitting interests in them can pose
- Pre-nuptial agreements for your family business clients
Presented by Elizabeth Hynes, Director, DCH Legal Group; Accredited Specialist in Family Law; Preeminent Family & Divorce Lawyer, Doyle’s Guide 2018
Venue
Parmelia Hilton
Level 1, Meeting Room, 14 Mill Street
Perth 6000
WA
Australia
Directions
Nearby Public Transport:
Train Stations - The Esplanade Station
Bus Interchange - St Georges Terrace Cloisters Green
Parking information
Parmilia Hilton - Valet Parking only - Click here to view rates.
Convention Centre - 100 metres from Parmelia Hilton. Click here to view rates.
Accreditation
Attend and earn 6.5 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.