Succession Planning Service 

Overview for Practice Manager Mentoring blue banner.

Why do you need a Succession Plan?

As a practice owner, one day, you'll inevitably leave your practice. Whether you decide to sell up, retire or leave due to health reasons, it's essential that you plan for that day. In our experience, few practitioners think about succession and how they will manage the transition to retirement.

How essential is a succession plan? 

A succession (or exit) plan outlines who will take over your practice when you leave. It is incredibly crucial, especially in the face of personal relationships, family issues, staff, relinquishing control, as life's circumstances can be unpredictable!

By planning your exit early, you can maximise the value of your practice while helping to meet future needs. Consider this; planning means not leaving the future of your business and wealth to chance; it means planning to ensure security for your family, your practice and yourself.

Benefits of a Practice Manager Mentoring blue banner.

The benefits of succession planning are:

  • Choose when you wish to retire.
  • Minimise disruptions for your patients.
  • Maintain continuity of employment for staff.
  • Reduce the pain of forced retirement.
  • Avoid conflict with practice partners.
  • Maximise the value of your practice.
  • Ensure adequate funds for yourself and your family.
  • Increase the number and quality of potential successors.
  • Retain the confidence of banks and financiers.
  • Manage lease and loan liabilities properly.
Brentnalls Health succession planning, passing the batten on.
  The outcomes give you peace of mind:
  • being financially independent at your desired retirement age,
  • being able to pass your patients onto a successor,
  • mitigating the impact of catastrophes, and
  • realising maximum value in all scenarios.

Service inclusions for Strategy Planning blue banner.

Where are you now? What are your goals, needs for succession? These questions and more are an essential part of the service process. We can assist you to manage the following elements:

  • Voluntary & Involuntary Succession
  • Legal Documentation
  • Financial Transaction
  • New Owner Agreement
  • Insurances
  • Funding Options
  • Risk Management

While it can be challenging to discuss, the matters, if a plan is established well in advance, then the outcome will give you, your practice, and your family peace of mind.

Learn More

Helping practice owners achieve their goals is our passion, and our strength is in our dedicated professional team

Make the time today to book an appointment to discuss the benefits with one of our expert advisors.

If you would like to print this information please click here for PDF format.
Our Services

Our services go beyond compliance to find out more about your goals, your priorities and establish plans to grow and protect your future wealth. We will take the time to listen, ensuring we meet your goals, as well as guide you so you have a better understanding of the financial decisions being made. Our services include:

Accounting & Tax
Business Advisory
Wealth Creation & Preservation

Our People

Our Partners & Principals want to be part of your team that drives your future success, that provides you with solutions to your challengers. More importantly, who listens and knows exactly where you are going and what you want to achieve financially. 

"Helping you achieve your dreams, is our passion, and our strength is in our dedicated professional team."


News & Resources

Our priority is to ensure your kept up-to-date on trends, industry legislations, accounting and tax updates, business advisory information, superannuation and much, much, more. All of which, may have an impact on you and your business. Our resources provide additional supporting information in the following areas: 

Fact Sheets
News Articles
COVID-19 - Information Sheets
COVID-19 - Brentnalls SA Response

Our Location

255 Port Road

PO Box 338
Welland SA 5007 

View location map

P: (08) 8241 8444
F: (08) 8241 8488

E: [email protected]

Connect with us on Facebook. Connect with us on LinkedIn.