Succession Plan Template and Guide

Australian Government - business.gov.au

Type: Word Doc
Knowledge level: Introductory

Farm Table says:

This succession plan template and guide is not agriculture-specific, however, contains a handy template and links out to associated resources.

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
2018 - Australia - Australian Government - business.gov.au
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