Business succession planning is the process of preparing for the future transfer of your business to new ownership or management. Whether you're planning for retirement, exploring new opportunities, or preparing for unexpected circumstances, a solid succession plan ensures a smooth transition that protects your business legacy.
At PMCA Advisory, we understand that your business represents years of hard work and dedication. Our specialised succession planning services help Australian business owners prepare for the future with confidence and clarity.
Research shows that only 30% of Australian family businesses successfully transition to the second generation, and merely 12% reach the third generation.
At PMCA Advisory, we follow a comprehensive approach to business succession planning that ensures all aspects of your transition are addressed. Our structured process includes:
At PMCA Advisory, we understand that every business is unique, and succession planning must be tailored to your specific circumstances, goals, and industry context. Our team brings decades of experience in helping Australian business owners navigate the complex process of business succession planning.
We work collaboratively with your existing advisors, including lawyers and financial planners, to ensure a coordinated approach that addresses all aspects of your succession plan.
We take a personal partnership approach with our clients, not a transactional approach. We believe the most robust business succession plans are carefully considered 3 to 5 years in advance and built strategically over time.
Our experienced team is ready to guide you through every stage of the succession planning process. Contact us today to schedule your confidential consultation.
PMCA Advisory is a boutique firm imbued by Philip Martin’s mantra “To be of value”. When you become a client of ours it’s like you are becoming a part of our extended family. No lock-in contracts here, just a desire to see your business grow.
Whether you are receiving Executive Coaching from Philip, being taught accounting software like Xero, or engaging in a business diagnostic by one of our specialists, Philip will personally oversee the portfolio of every business client. You can rest assured knowing you are in safe hands with Philip’s decades of experience as a chartered accountant in a diverse range of sectors.
PMCA Advisory is large enough to provide you specialist staff with dedicated knowledge in specific aspects of your business, yet small enough to allow Philip to be centrally involved in overseeing the entire service. Unlike some larger firms, your account will always be managed by an expert, receiving the attention and service it deserves. We understand no two businesses or business owners are the same and make it our mission to develop a detailed understanding of your unique challenges and give you the most effective set of solutions for your business.
At PMCA Advisory we actively engage with each client about their business. Philip draws upon his years of experience to ask probing questions that enable us to clarify how we can help you grow your business. More than simply providing tax compliance services and tax returns, we help business owners achieve their goals.
In addition to your initial discussion with Philip, where appropriate, each new PMCA Advisory client is invited to undertake an hour-long interview with our Head of Business Diagnostics. In this session we will develop an understanding of you as the business owner, your business, and your aspirations.
