Farm Table says:
This succession plan template from Business.gov.au provides a sample structure and suggested content to help guide the process. The structure of the word document is:
Title page
Business and succession details
- Proposed organization structure
- Key personnel changes
- Legal considerations
- Insurance
- Succession timetable
- Contingency/risk management
Finances
- Current value of the business
- Retirement income/payment
- Sale details
- Buyout details
- Taxation