This case study focuses on some of the common and topical legal and taxation issues arising in the commencement, on-going operation and termination of SME (family) businesses, including:
- structuring and establishment of the family business
- ZZS (ITAA97 Div 149B) / ZZT (CGT Event K6) issues
- restructuring and entry of second/third generation family members (income tax, CGT, stamp duty, demergers)
- asset protection and succession planning (ie. problems with buy/sell agreement, shareholder agreements)
- exit of matriarch/patriarch and/or disposal/sale.