HunterNet | Business Succession Planning Forum – Event 1: Partnering

Many HunterNet Co-operative members fall into the category of small and family-owned businesses, which in Australia represent 67% of all Australian businesses and provide 55% of private sector employment. They are often the result of the blood, sweat, and tears of a family, or even several generations of a family. Ensuring that plans are made for a successful transition of leadership and/or ownership of small businesses benefits the business, its employees, and the peace of mind of the owner. A key component to successful transitions is managing and carefully attending to of business and family relationships throughout the transition.

HunterNet Co-operative has facilitated a collaboration between SWS Lawyers and KPMG to host a series of presentations and conversation events designed to inform members so that they can more capably navigate business succession. The series will cover:

• Partnering and private investment.
• Business Succession including intergenerational change and MBO / MBI transition.
• Business Sale and restructuring.

In this first forum, the topic of partnering will be explained with a panel session including business owners and experts. The session will cover the benefits (and detriments) of partnering as a way to transition business ownership. It will look at joint venture, private equity, and contractual arrangements.

This informal panel discussion will have business owners who have navigated business partnering arrangements alongside knowledgeable local advisors to share their experiences and answer questions from our limited number of attendees.

Who should attend: Business owners.