Family Business
According to the Australian Bureau of Statistics, there are approximately two million businesses in Australia and in excess of 95% of these businesses are small. Many of these businesses – more than half – are owned and managed by families.
While family businesses face the same issues challenging non-family businesses, they also have their own unique issues. For example, issues such as succession planning, retirement planning, estate planning, transfer of ownership, managing family relationships and how best to balance the interests of the family and the business are often prime concerns for family businesses.
Davenports Financial Solutions has been helping family businesses achieve their financial goals for more than 70 years. In fact, some of the family businesses we supported in the late 1930s are still our clients today!
Our team of financial experts understand the needs of family businesses and can provide services such as:
- Succession planning
- Wealth management
- Estate planning
- Retirement planning
- Self managed superannuation
- Equity transfers through wills, sales or gifts
- Business structure and valuations
- Strategic planning
- Accounting, taxation and bookkeeping
Contact Davenports to find out how we can help your family business.
